Bernard Madoff gets maximum 150 years in prison
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Mon, 29/06/09 – 18:44 | Comments Off

NEW YORK – Historic swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and …

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US Financier Bernard Madoff Admits 50 Billion Dollar Fraud
Fri, 2/01/09 – 18:51 | 2 Comments
US Financier Bernard Madoff Admits 50 Billion Dollar Fraud

US Financier Bernard Madoff Admits 50 Billion Dollar Fraud

Austrin Bank Medici may collapse after $2,100,000,000 loss
Fri, 2/01/09 – 4:47 | Comments Off
Austrin Bank Medici may collapse after $2,100,000,000 loss

AUSTRIA may have to take control of Vienna-based Bank Medici after its clients lost billions of dollars invested with Bernard Madoff.

Tremont Group Holdings $3,300,000,000
Fri, 2/01/09 – 3:18 | Comments Off
Tremont Group Holdings $3,300,000,000

Tremont Group Holdings Inc., a hedge-fund firm owned by OppenheimerFunds Inc., had $3.3 billion invested with Bernard Madoff, according to a person familiar with the matter, Bloomberg reported.
Tremont’s Rye Investment Management unit had $3.1 billion, …

Fairfield Greenwich Group loses $7,500,000,000
Fri, 2/01/09 – 3:02 | One Comment
Fairfield Greenwich Group loses $7,500,000,000

On December 16 Fairfield Greenwich Group issued the following message to its client and investers about its exposure to the Madoff SCAM.