Topic: Bernard Madoff

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Not just sexy Kim Jong-un: 5 times the Onion has fooled foreign media

When the People's Daily, the Chinese Communist Party's official newspaper, took as straight news The Onion's declaration that stout North Korean dictator Kim Jong-un was 2012's "Sexiest Man Alive," it became the biggest foreign media outlet to be fooled by the satirical American newspaper. But it is not the first. Here are several other foreign news sites that took Onion fiction as newsworthy fact.

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$405 million Madoff payoff: Judge says victims' advocate 'slept on his rights'

A federal judge blocked the trustee seeking money for Bernard Madoff's victims from interfering with New York state's $410 million settlement with Ezra Merkin, a Wall Street hedge fund manager accused of steering client money to the swindler. The settlement calls for Merkin to pay $405 million to investors over three years, and $5 million to New York State to cover fees and costs.
Reader recommendation: Little Dorrit

Monitor readers share their favorite book picks.
Madoff prison letter: Beware 'dark pools' on Wall Street

Madoff prison letter warns of lack of transparency in the markets from 'dark pools,' where institutions buy and sell privately outside stock exchanges. Hedge funds' push into riskier ventures also comes under fire in Madoff prison letter.
Peter Madoff sentenced to 10 years in prison for role in ponzi scheme

Peter Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors.
Not just sexy Kim Jong-un: 5 times the Onion has fooled foreign media

When the People's Daily, the Chinese Communist Party's official newspaper, took as straight news The Onion's declaration that stout North Korean dictator Kim Jong-un was 2012's "Sexiest Man Alive," it became the biggest foreign media outlet to be fooled by the satirical American newspaper. But it is not the first. Here are several other foreign news sites that took Onion fiction as newsworthy fact.
Decoder Wire Obama Big Bird ad: a mistake, or shrewd? (+video)

The Obama campaign's new ad attacking Romney for promising to cut Big Bird's funding has been criticized by conservatives, the Sesame Workshop CEO, and even some Democrats.
Bernard Madoff victims get $2.5B in latest payout

Bernard Madoff's Ponzi scheme victims will soon get checks totaling $2.5 billion, mailed out by the trustee overseeing the liquidation of Madoff’s firm. Bernard Madoff is currently serving a 150-year prison sentence in North Carolina.
The Reformed Broker Facebook stock: the biggest Ponzi scheme in history?

Facebook stock had a meteoric rise and quick collapse that reeks of a scam. But is Facebook stock a Ponzi scheme? Not quite.
Bernard Madoff victims to get $405M in settlement

Bernard Madoff investment scam victims will get $405 million settlement payout from hedge fund manager J. Ezra Merkin. Additionally, New York state will get $5 million to cover the cost of the settlement for the Bernard Madoff victims.
Culture Cafe 'First Position' and other documentaries wow at the Montclair Film Festival

The first annual festival is advised by Comedy Central host Stephen Colbert.
Robert Reich We're turning America into a giant casino

Organized gambling is a scam. And it particularly preys upon people with lower incomes – who assume they can’t make it big any other way, who often find it hardest to assess the odds, and whose families can least afford to lose the money. Yet with new, relaxed gambling laws, America is now opening the floodgates.
The Monitor's View The odds and ends of Mega Millions jackpot lottery

The long odds of winning the Mega Millions jackpot lottery is just a start into understanding why gambling is the wrong way to live up to one's abilities to get ahead in life.
Mets make deal with Madoff trustee

The settlement avoids a civil trial for the club and means they'll have to pay far less than they otherwise might.
N.Y. Mets owners settle with Madoff trustee for $162 million (+video)

The ownership group of Major League Baseball's New York Mets has agreed to a settlement deal with the trustee trying to recoup billions of dollars in the wake of the Bernard Madoff Ponzi scheme.
'Swag' joins waste, fraud, and abuse

A presidential order calling for the government to trim spending has cast the spotlight on an old term with a new meaning.
11/29/2011 08:19 am
Bernie Madoff: son Andrew never suspected his father

Bernie Madoff's son denied ever suspecting his father's business had been a Ponzi scheme in an interview, Monday.
10/31/2011 11:23 pm
Chapter & Verse Andrew Madoff: Can he rehabilitate his image?

Andrew Madoff, son of disgraced financier Bernie Madoff, says in an interview on "60 Minutes" that he's "prepared to start over again and build myself back up."
10/31/2011 11:32 am
Ruth Madoff: 'What's a Ponzi scheme?'

Ruth Madoff spoke to '60 Minutes' about her husband, Bernard Madoff, who was convicted of one of the biggest financial frauds in history. Ruth Madoff, and son Andrew, said that they didn't know about the $65 billion Ponzi scheme.
10/30/2011 09:56 pm
Chapter & Verse Andrew Madoff breaks three years of silence with a book and a "60 Minutes" interview

Andrew Madoff’s book is expected to discuss his parents’ suicide attempt, how Bernie Madoff confessed his crimes to his family, and the suicide of his brother on the anniversary of their father’s arrest.
10/27/2011 03:55 pm
Chapter & Verse Madoff widow writes about life inside Bernie Madoff's family – before and after the scandal

Stephanie Madoff Mack, the first member of the family to speak publicly, writes about the day Bernie Madoff told his family about his Ponzi scheme and how she severed ties with her mother-in-law.
10/21/2011 12:59 pm
New York Mets ruling will delay payouts to Madoff victims

The trustee's attorney revealed at a Manhattan hearing that the a ruling limiting the team owners' exposure to $386 million will also affect other money being recovered for investors.
09/29/2011 11:08 am
Vox News Ron Paul is on the 'Daily Show' tonight. Will he say something inflammatory?

In past appearances on the 'Daily Show,' Ron Paul has made comments to Jon Stewart that would have gotten other candidates in trouble. Will he push the boundaries again tonight?
09/26/2011 01:44 pm
Chapter & Verse Meet the man behind the Ponzi scheme

Who was this Ponzi guy? Author Mitchell Zuckoff explains.
09/09/2011 10:59 am
Global Viewpoint Gordon Brown: Germany must drop blame game and save the euro

Germany has blamed others for the global financial crisis, but German loans funded much of the reckless spending. It must now agree to a common mechanism for Europe to pay its way out of crises. Refusing this responsibility endangers Germany and the entire euro project.
08/23/2011 04:17 pm
Chapter & Verse Is this fall's mystery book a Bernie Madoff tell-all?

A book currently known as "Untitled" by "Anonymous" seems likely to be an insider's look at the downfall of Bernie Madoff.
07/28/2011 03:06 pm