The Week in Madoff
On Thursday a twitchy, tic-addled Bernard Madoff appeared in court and pleaded guilty to perpetrating the largest Ponzi scheme in history. From Bernie’s high-life wife to his place in the prison food chain, the Daily Beast presents a roundup of our coverage this week of the $823 million man, his billionaire victims, and what’s next in the white collar crime of the century.
What Bernie's Thinking By Allan Dodds Frank
Allan Dodds Frank talks with Madoff lawyer Ira Lee Sorkin about how Bernie feels about his guilty plea and why he’s appealing his bail revocation.
Pleading guilty to 11 criminal counts Thursday was a great relief to Bernard Madoff, said his attorney, Ira Lee Sorkin. ... MORE >>
Is the Wife Next?
After Bernard Madoff's guilty plea yesterday, might his wife soon be following him? Ruth Madoff was so close to her husband that many doubt she could have been uninvolved. Now, she is keeping her own attorney on hand in order to protect $70 million in assets and—possibly—herself from prosecution. Below, six takes on the case against her—and how she will fight it.
As her husband pleaded his way into prison on Thursday, Ruth Madoff has kept her own attorney on hand. ... MORE >>
Bernie Will be Prison RoyaltyBy Mansfield Frazier
The Daily Beast’s resident ex-con, Mansfield Frazier, explains what Madoff can expect when they throw away the key. Though Federal rules require Madoff live out his sentence in a maximum-security prison, he'll have a lot working in his favor: He's elderly, he's a criminal father figure, and he stole from the rich.
At the top of prison hierarchy are professional bank robbers. Next on the food chain are the Madoffs ... MORE >>
The Next Targets in the Madoff CaseBy Lucinda Franks
In a Daily Beast exclusive, Lucinda Franks says investigators are zeroing in on at least 20 people, including family members, among them Ruth Madoff, who received at least $70 million from her husband. Plus, how Madoff is "jerking around" investigators.
Two days before Bernard Madoff enters an 11-count guilty plea in Manhattan federal court, the investigation into his giant Ponzi scheme has broadened to include a number of suspected co-conspirators, according to federal officials involved in the case. ... MORE >>
Bernie's Final Night of LuxurryBy Allan Dodds Frank
Madoff has seen the last of his $7 million penthouse, as the judge revoked his bail on Tuesday. Allan Dodds Frank reports from the courthouse.
As you watch the replays of Bernard Madoff's entrance to federal court at 7:19 a.m. on Tuesday, you may notice that he was wearing no topcoat. He knew where he was going. ... MORE >>
Behind the $50 Billion Swindle
The Daily Beast's complete guide to the financial fraud that shook the world, from Wall Street to the French Riviera and back again ... MORE >>