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New York Newsday (Free subscription) | 06/29/2009
In papers filed late Sunday, Sorkin asked the court to take into account that the trustee acting to recover funds in the case has found assets of $1.3 billion, has sued for $10 billion, and will attempt to recover hundreds of millions from money paid to investors.If Bernard Madoff gets a sentence Monday comparable to what other big-time corporate fraud defendants have received, he could find...
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USA Today (Free subscription) | 06/30/2009
Our opinion: Madoff's accomplices For engineering an unfathomably large fraud, Bernard Madoff has received an impossibly long sentence. The man behind a multibillion dollar Ponzi scheme that robbed many of his victims of their life savings richly deserved the 150...
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News.com.au (Free subscription) | 06/30/2009
BERNARD Madoff has been sentenced to 150 years in prison after admitting to running one of the largest and longest financial frauds in recent memory.
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Salt Lake Tribune (Free subscription) | 06/30/2009
... tax crime and served a year in prison for helping him hide ill-gotten gains from his schemes. -- Bernard Ebbers, 67, former chief of WorldCom, imprisoned in September 2006 on 25-year sentence for his role in $11 billion accounting fraud that toppled his telecommunications company. The federal bureau of prisons lists his projected release date as July 4, 2028. -- Dennis Kozlowski,...
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Money & Company (Free subscription) | 06/29/2009
... 19 counts of insider trading. He began serving his time in April, but has requested a new trial. • Bernard Ebbers , former chief of WorldCom , was sentenced to 25 years in 2006 for his role in the $11-billion accounting fraud that toppled his telecom company. • John Rigas , founder of cable television company Adelphia Communications , was convicted in 2004 on charges including securities...
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New York Newsday (Free subscription) | 06/29/2009
If Bernard Madoff gets a sentence Monday comparable to what other big-time corporate fraud defendants have received, he could find himself in a low security facility where life isn't too tough.
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Houston Chronicle (Free subscription) | 06/28/2009
If that does happen, Davis will join ranks that include former Enron Chief Financial Officer Andrew Fastow, who testified against former CEO Jeff Skilling and Chairman Ken Lay; former WorldCom finance chief Scott Sullivan, whose testimony helped persuade a jury to convict CEO Bernard Ebbers; and Ira Zar of Computer Associates, who helped bring down CEO Sanjay Kumar; and others.
