The Best Trader in the World Worked for Bernie Madoff
…and fixes them. He escaped the misery. Because he was a dammed good trader. And now for some Madoff stories. One time Eddie brought me in to meet Madoff. I’ve…
…and fixes them. He escaped the misery. Because he was a dammed good trader. And now for some Madoff stories. One time Eddie brought me in to meet Madoff. I’ve…
…Madison Avenue headquarters of CIRCA, a jewelry-buying firm, where Madoff-related jewels had been incoming all month, like expensive shrapnel. “When Madoff hit, then we started to get the calls,” the…
We’ve invited a special guest to judge our Bernie Madoff limerick contest: Chris J. Strolin, founder and editor-in-chief of The OEDILF, The Omnificent English Dictionary In Limerick Form. The OEDILF…
I just received the following e-mail from my accountants, who have several clients invested with Bernard Madoff. They are passing along some year-end tax advice that contains at least a…
Our friend James Altucher, in an interview at Yahoo!’s Tech Ticker, talks about visiting Bernie Madoff and his son Mark back in early 2005 to pitch them his fund of…
Bernard L. Madoff is not a young man, and if he is convicted of the crimes of which he stands accused, he may spend the rest of his life in…
Laura Goldman is a money manager who claims to have figured out back in the 1990’s, in the space of about 45 minutes, that Bernie Madoff was a fraud. In…
…Madoff investors was orders of magnitude greater than the amount transferred to Madoff and his henchmen. This means, from a social perspective, that the Madoff scheme was a huge transfer…
I dare you to read this Times report of the S.E.C.’s “investigations” of Bernie Madoff over the years and not gasp in amazement at the agency’s ineptitude. If the S.E.C….
The Times (of London) recently reported that “The F.B.I. has been forced to transfer agents from its counter-terrorism divisions to work on Bernard Madoff‘s alleged $50 billion fraud scheme.” This…
There’s a nasty secret about hot-button topics like global warming — knowledge is not always power.
…Perspective By Andrew W. Lo A Guest Post The alleged fraud perpetrated by Bernard Madoff is a timely and powerful microcosm of the current economic crisis, and it underscores the…
…named Michael Dorr writes in to say: “Surely, Bernie Madoff has the greatest aptonym in the history of aptonyms. It’s as if he was predestined to perpetrate this very crime.”…
| Bernie Madoff pleaded guilty to securities fraud today. His scheme saved some lives, briefly, then ruined them utterly. Supermodel Carmen Dell’Orefice, for example … [%comments]…
…Santander has decided to compensate private clients whose money Santander invested with Bernard L. Madoff. Discounts are one thing; every consumer these days has come to expect a discount. But…
…are perfectly comfortable investing in exactly that (Option C, which effectively describes Bernie Madoff‘s ponzi scheme). Most people also admit that Option C is impossible. So what’s happening? Harvard Business…
Inspired by Bernie Madoff‘s 150-year prison sentence, New York state assemblyman Jim Tedisco introduced a bill that, as the Economist reports, would establish a “pay-if-you-go” model for prisons, whereby wealthy…
…to free knowledge and expand the public domain. In contrast, the bankers took from the public domain. Not one banker has gone to jail, except Bernie Madoff — whose crime,…
…individuals), including Wall Street to American citizens and Bernard Madoff to the people he allegedly swindled (rather than just his co-op neighbors). But aside from emotional reparations, what’s the point…
…be used to find the next Bernie Madoff. Arguably, these frauds are a thousand times more dangerous for the retail investor than what is probably a victimless crime such as…
…to insist that it fear your friends and family instead — unless, of course, you are friends with someone like Bernie Madoff. Don’t forget that the greatest financial fraud in…
…they made. So begins his voracious onslaught. A piece of Freakonomics schwag goes to the reader who submits the best definition for Bernie Madoff to the Omnificent English Dictionary In…
…it probably doesn’t come as a surprise that criminals suffer from “bounded rationality,” and with possible rare exception of a Bernie Madoff or a Unabomber probably lack the mathematical acumen…
Reputations are powerful, vulnerable, fragile things. Sometimes they shift overnight (think Bernie Madoff); often they are decades in the making. I’ve always been interested in the reputations of institutions, especially…
As investment schemes, state lotteries are about as sound as a Bernard Madoff venture. But at least one lottery might be worth it — if you do the math. When…
CNBC delves into the Bernie Madoff story tonight at 9 p.m. E.S.T. For those intrigued by white-collar crime, this should be quite an interesting show. I’m still struggling to understand…
…Bernie Madoff‘s fraud, and corruption in the tobacco industry. Brazerman and Tenbrunsel have agreed to answer your questions, so fire away in the comments section. As with all our Q&A’s,…
…to do the right thing spend so much energy doing the wrong thing? The same could be asked, of course, about Eliot Spitzer or Bernie Madoff. But the N.F.L. draft…
…It’s hardly just the foundations who were invested with Bernie Madoff; donors simply have fewer discretionary dollars. (And, long-term, the picture may get bleaker if President Obama downsizes the charity…
Probably not — the incentives are too strong. Scholarly publishing is a $28 billion global industry, with misconduct at every level. But a few reformers are gaining ground. (Part two…
