Bernie Madoff News

Charges against 14 snared in insider-trading probe make for unusually entertaining reading.

After another Election Day filled with mostly unsubstantiated Republican claims of vast left-wing voter fraud, the Securities and Exchange Commission is jumping on the GOP bandwagon.

U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.

ST. PAUL, Minn. -- The star prosecution witness in the fraud trial of Minnesota businessman Tom Petters wept Tuesday as she explained her decision to go to federal investigators.

In 1969, Dr. Laurence J. Peter and Raymond Hull developed a business theory entitled the Peter Principle: "In a hierarchy every employee tends to rise to his level of incompetence." The Peter Principle theorizes that at some point, previously competent and productive employees are promoted to a position in which they are no longer either.

Imagine if Bob Woodward and Carl Bernstein, the young, untested Washington Post reporters investigating the Watergate burglary in 1972, had told their editors that they were hitting a few dead-ends. Imagine if those editors, including the gruff Ben Bradlee, had told them to give up because, as Securities and Exchange Commission supervisors told ...

The auditors for Bernard Madoff have agreed not to contest charges brought by the Securities and Exchange Commission that they enabled fraud by the now-jailed Ponzi scheme investor.

Nov 3 - The former outside accountant for Bernard Madoff's firm pleads guilty to fraud charges, yet denies knowledge about any Ponzi scheme.

The agency that failed to catch Bernard Madoff's $65-billion Ponzi scheme would have its funding doubled under legislation approved by a key congressional committee on Wednesday.

It costs $722 to fly from St. Paul/Minneapolis to Bismarck, N.D., and you can fly from St.

Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgraced money manager's financial records but he did not know Madoff was running history's biggest Ponzi scheme.

David Friehling, the accountant whose firm signed off on audits of Ponzi schemer Bernard Madoff, has pleaded guilty to essentially rubberstamping his client's financials.

The House Financial Services Committee voted Wednesday to give federal regulators more power and money to police major players in the stock market, four months after Bernard Madoff was sentenced for the biggest investment scam in history.

The longtime auditor for disgraced money manager Bernard Madoff has pleaded guilty to securities fraud and other charges.

The SEC under new chief Mary Schapiro has gotten off to a slow start on the enforcement front, but attorneys expect a burst of energy in 2010.

Victims of jailed U.S. financier Bernard Madoff say they're upset at organizers of "Madoff auctions" who claim to be selling victims' items.

Accountant David Friehling , whose firm served Bernard Madoff's business as an auditor, leaves federal court in Manhattan.

Stephanie Miner, the Democratic candidate for Syracuse mayor, served in the 1990s as trustee of a Buffalo labor union's pension fund that later got swindled in Bernard Madoff's Ponzi scheme.

It was a relationship rife with potential conflicts, and, from day one, everyone involved recognized that.

The 536 exhibits released by the SEC Inspector General late Friday on Bernie Madoff don't seem to contain any explosive new revelations, but underscore an essential point about SEC investigations: if you are the target of a probe, just lie, again and again.