207
207
Dec 12, 2013
12/13
by
CNBC
tv
eye 207
favorite 0
quote 0
>> bail was eventually guaranteed by ruth and madoff's brother peter, and bernie was released. of his assets were frozen, but in a stunning breach of the court order barring the transfer of property, a large and extremely valuable envelope arrived at andrew madoff's apartment. >> i tore open the envelope and--and--and dumped it out. and it was absolutely heartbreaking. these were pieces of jewelry that i recognized. things that i had seen my mother wearing over the-- over the years. and i couldn't understand how she could do this. i mean, what were they thinking? and it wasn't until three years later that i had a chance to ask her, "what were you thinking when you sent me that jewelry? i don't understand." and she told me that she and my father planned to kill themselves. and they put together that package beforehand and sent it out. >> did they try to kill themselves? >> yes, they did. >> i don't know who-- whose idea it was. but we decided to kill ourselves because it was-- it was so horrendous what was happening. we had terrible phone calls, hate mail, just beyond anything. a
>> bail was eventually guaranteed by ruth and madoff's brother peter, and bernie was released. of his assets were frozen, but in a stunning breach of the court order barring the transfer of property, a large and extremely valuable envelope arrived at andrew madoff's apartment. >> i tore open the envelope and--and--and dumped it out. and it was absolutely heartbreaking. these were pieces of jewelry that i recognized. things that i had seen my mother wearing over the-- over the years....
218
218
Dec 24, 2013
12/13
by
CNBC
tv
eye 218
favorite 0
quote 0
records showing madoff's sons mark and andrew, who ran a legitimate trading operation, and madoff's brother peterthe chief compliance officer, took $80 million in compensation over the past seven years. plus, millions more in personal expenses charged to the company, private jet rentals, ski vacations and country club dues. even ruth, madoff's wife, had a company credit card, and she charged millions, too, on everything from shopping sprees in paris to movie rentals, all courtesy of bernard l. madoff's securities, thank you very much. >> they used the bank account at b.l.m.i.s. like a personal piggy bank. >> safer: of all the people that should have known, his brother and his sons who worked under the same roof with him should have known. >> one would think so. yes. >> safer: did they know? >> my belief is, yes, they knew. and the reason i believe that is they were officers of these companies and directors in certain instances as well and also compliance officers in a very highly regulated environment. so i think clearly they would have to have known what was going on given their own personal tra
records showing madoff's sons mark and andrew, who ran a legitimate trading operation, and madoff's brother peterthe chief compliance officer, took $80 million in compensation over the past seven years. plus, millions more in personal expenses charged to the company, private jet rentals, ski vacations and country club dues. even ruth, madoff's wife, had a company credit card, and she charged millions, too, on everything from shopping sprees in paris to movie rentals, all courtesy of bernard l....
126
126
Dec 11, 2013
12/13
by
FBC
tv
eye 126
favorite 0
quote 0
peter. five years after the arrest of ponzi scheme bernie madoff, five years, the financial industry has stillome crucial lessons from this fraud. charlie gasparino is on set. it has been that long? charlie: i was hosting with two other anchors the 8:00 p.m. show during the financial crisis, and i will never forget the news broke, it wasn't treated as such a egg story initially. we did not pick up on the whole thing. bernie madoff did not ring and a lot of people's minds he was such a big player. i knew him because i interviewed him for a book once, i know he started a market-making firm. i didn't realize he had this investment firm. i got a call and was asked if i knew bernie madoff. i said yes, i do. he said this is big. he said this is bigger than boesky. he gave me the best five minutes description of what bernie madoff did. huge ponzi scheme, massive amounts of money. we devoted the 8:00 p.m. hour to it. we knocked it out of the park that day. as we know in history, this is probably modern history the biggest ponzi scheme ever. cheryl: i was here covering it, by the way. we did a much bet
peter. five years after the arrest of ponzi scheme bernie madoff, five years, the financial industry has stillome crucial lessons from this fraud. charlie gasparino is on set. it has been that long? charlie: i was hosting with two other anchors the 8:00 p.m. show during the financial crisis, and i will never forget the news broke, it wasn't treated as such a egg story initially. we did not pick up on the whole thing. bernie madoff did not ring and a lot of people's minds he was such a big...
320
320
Dec 9, 2013
12/13
by
CNNW
tv
eye 320
favorite 0
quote 0
bernie madoff, former titan of wall street, said people on the outside won't take his calls from the prison pay phone. not his wife, not his son, not his brother peter, bernie madoff posed for the feds, famous mugshots. he later pleaded guilty to scammer investors out of bms of dollars. the biggest financial fraud in u.s. history. as to the many people he robbed, including some who just lost it all, madoff is now telling the "wall street journal" it is their fault, not his fault. their fault. here's a quote from that interview. people ask me all the time. how did i produce the great returns. i refused to tell them, says madoff, and they still invested. he said it was up to them to ask more questions. aaron smith of cnn money is with me and he has spoken to bernie madoff before and from your interview, he was a bit contrite until it sounds like a follow-up phone call which we'll get to. this interview, a different tone. >> i spoke to him a few times. it was several months ago, about six months ago over the phone. he did seem -- he said he felt bad. >> he felt bad. >> about some of the victims. he felt very bad, he was telling me about his son committ
bernie madoff, former titan of wall street, said people on the outside won't take his calls from the prison pay phone. not his wife, not his son, not his brother peter, bernie madoff posed for the feds, famous mugshots. he later pleaded guilty to scammer investors out of bms of dollars. the biggest financial fraud in u.s. history. as to the many people he robbed, including some who just lost it all, madoff is now telling the "wall street journal" it is their fault, not his fault....
295
295
Dec 13, 2013
12/13
by
CNBC
tv
eye 295
favorite 0
quote 0
i offered threw peter chavkin regarding jpmorgan which the ig of the treasury department eagerly accepted from me. he's not responded to our repeated requests for comment. bernie madoffing for any type of credit for my assistance, just their honesty. nothing at this point i could do would help my image. he's got that right. he says i live with the terrible, guilt, shame and remorse for the pain and suffering i've caused to everyone. that proposed settlement with jpmorgan could be wrap up in weeks. was it with madoff's help? we don't know. >>> mega millions fever sweeping the country. next, the head of the grocery chain checking sales and if they boost foot traffic in his stores. >> every victory this evil will grow. >> if you're going to see the new hobbit movie this weekend. expected to be one of the year's blockbusters. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ stick with innovat
i offered threw peter chavkin regarding jpmorgan which the ig of the treasury department eagerly accepted from me. he's not responded to our repeated requests for comment. bernie madoffing for any type of credit for my assistance, just their honesty. nothing at this point i could do would help my image. he's got that right. he says i live with the terrible, guilt, shame and remorse for the pain and suffering i've caused to everyone. that proposed settlement with jpmorgan could be wrap up in...