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Bernie Madoff, who ran the world's largest Ponzi scheme, is dead

1 month ago   |   By ABC

Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in prison. He was 82.
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More than $3 billion paid out to over 30K Bernie Madoff victims

More than $3 billion paid out to over 30K Bernie Madoff victims

1 month ago   |   By New York Post

More than $3 billion has been paid out to tens of thousands of victims swindled by notorious Ponzi schemer Bernie Madoff, who died in federal prison on Wednesday at the age of 82, according to the Madoff Victim Fund. The fund, which is overseen by the Department of Justice's victim compensation program, was launched in...
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Bernie Madoff, notorious financier who pulled off history's biggest swindle, dies at 82

1 month ago   |   By Los Angeles Times

Bernie Madoff, who came to epitomize Wall Street corruption with his epic $65-billion Ponzi scheme, reportedly died in prison of natural causes.
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Bernie Madoff, Financier Who Operated the Largest Ponzi Scheme in History, Dies

Bernie Madoff, Financier Who Operated the Largest Ponzi Scheme in History, Dies

1 month ago   |   By Time

Bernard L. Madoff , a boy from Queens who went on to perpetrate one of the most infamous frauds in Wall Street history, died Wednesday in a federal prison, according to multiple reports. He was 82.
In a February 2020 court filing, Madoff said he was entering the final stages of kidney disease and asked for an early prison release, which was not granted.
Madoff, a financier who began his career in the 1960s, was the reason that generations of Americans learned about the elaborate hoax known as a Ponzi scheme, which involves paying early investors with the funds from later investors, while...
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Bernie Madoff, mastermind behind largest Ponzi scheme in history, dies at 82

1 month ago   |   By NBC News

Once hailed as a Wall Street icon, the ex-NASDAQ chairman had bilked investors out of an estimated $65 billion at the time of his 2008 arrest.
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Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82

Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82

1 month ago   |   By Business Insider

Summary List Placement Bernie Madoff, the Wall Street financier-turned-Ponzi scheme kingpin, has died of natural causes, aged 82, the Associated Press reported Wednesday.
He is survived by his wife, Ruth Madoff.
Born in New York City in 1938, Madoff founded a stock brokerage in 1960 that eventually became Bernard L. Madoff Investment Securities. The firm specialized in over-the-counter penny stocks, using pink sheet quotes to make markets for traders. Madoff's brokerage then moved on to computerized trades, employing an information technology to organize quotes. The digital market-making...
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McConnell said Senate GOP 'undecided' on commission to investigate Jan. 6...

McConnell said Senate GOP 'undecided' on commission to investigate Jan. 6 Capitol siege. 8 Senate Republicans voted against certifying the election after the attack

Summary List Placement Senate Minority Leader Mitch McConnell said Tuesday the Senate Republicans are "undecided" on whether to support a committee to look into the Capitol... Read more ...

Amazon extends ban on police use of facial recognition software

Amazon extends ban on police use of facial recognition software

Congress has yet to pass laws regulating facial recognition, so Amazon extended the ban on police using its Rekognition service indefinitely. Read more ...

'QAnon Shaman' lawyer makes offensive comments about Capitol rioters...

'QAnon Shaman' lawyer makes offensive comments about Capitol rioters: 'They're all f--ing short-bus people'

Summary List Placement The outspoken lawyer for one of the Capitol attack's alleged participants is claiming his client and his client's alleged compatriots were especially... Read more ...

Ford just showed the electric F-150 Lightning a day before its official reveal

Ford just showed the electric F-150 Lightning a day before its official reveal

Summary List Placement The highly anticipated F-150 Lightning isn't set to be revealed until Wednesday evening. But Ford offered a glimpse of its debut electric pickup during... Read more ...

Billionaire investor Stanley Druckenmiller loaded up on Palantir, added bank...

Billionaire investor Stanley Druckenmiller loaded up on Palantir, added bank stocks, and sold Carnival Cruise Line in the 1st quarter of 2021

Summary List Placement Billionaire investor Stanley Druckenmiller's Duquesne Family Office took up new stakes in Palantir , Citigroup , and Coupang during the first quarter of... Read more ...

Michael Saylor's MicroStrategy bought another $10 million of bitcoin during...

Michael Saylor's MicroStrategy bought another $10 million of bitcoin during the cryptocurrency's price pullback

Summary List Placement MicroStrategy, the business analytics software maker run by bitcoin bull Michael Saylor, has purchased another $10 million of the cryptocurrency, adding... Read more ...

Bank of America will boost its minimum wage to $25 an hour by 2025

Bank of America will boost its minimum wage to $25 an hour by 2025

Summary List Placement Bank of America, one of the US' largest banks, announced on Tuesday that it will be increasing its hourly minimum wage to $25 by 2025. "A core tenet of... Read more ...

2 pilots reportedly ejected from an F-15 at a St. Louis airport

2 pilots reportedly ejected from an F-15 at a St. Louis airport

Summary List Placement Two pilots ejected from an F-15 on Tuesday morning in an incident at MidAmerica St Louis Airport. The incident happened on the airport's runway in... Read more ...

Bitcoin traders are piling into bets that the price will drop below $40,000...

Bitcoin traders are piling into bets that the price will drop below $40,000 by next month after Elon Musk's tweet-storm

Summary List Placement Bitcoin options traders have piled into bets that the world's biggest cryptocurrency will fall below $40,000 by next month following an Elon Musk... Read more ...

Russia's intelligence chief suggested that the US and UK orchestrated the...

Russia's intelligence chief suggested that the US and UK orchestrated the SolarWinds hack that breached US government agencies

Summary List Placement The head of Russia's foreign intelligence service suggested without evidence that the US and UK were actually behind last year's SolarWinds hack, which... Read more ...