Bernard Madoff

After Market: A Cold Day for Stocks, Too

With cold weather across much of the country so extreme it grounded some airlines, even stocks found it tough to fly Monday -- especially those associated with air travel.

Post-Financial Crisis, the SEC Is More Toothless Than Ever

Whether you have millions of dollars invested in stocks, or a few thousand bucks in mutual funds, it's vitally important to you that the SEC -- Wall Street's top cop -- is doing its duty, and enforcing the law. But a new report casts doubt on whether our financial cop is really on the beat.

Happy Fifth Anniversary, Great Recession!

According to the National Bureau of Economic Records, December 2007 is the when the Great Recession began. Five years later, the economy still hasn't recovered. DailyFinance takes a look back.

How Our Tiny 'Thefts' Add Up to Madoff-Scale Damage

It's easy to place the blame for many of our societal problems on newsworthy criminals like Bernie Madoff. But the truth is, most of us engage in minor acts of ethical misconduct that, cumulatively, have a worse effect than the crimes that make the news.

Saver or Sensualist, Innocent or Vigilant: What's Your Money Type?

Author, activist, ice cream heir and Madoff victim: John Robbins has taken a long and unusual road to his ideas about how people view money. In The New Good Life, he breaks down the six archetypes he says personify our approaches to the finances. So which one are you?

Ponzi Scheme or Not, Social Security Is Going to Shrink

Social Security's trust fund is in the long, slow process of collapsing because it won't have enough funds to pay its promised benefits. Sound like a Ponzi scheme? Perhaps, but at least this "scheme" is one in which you can come out ahead -- especially if you start preparing now.

Street Gangs Clean Up on White Collar Crime

Violent street gangs that have long focused on drugs and gun running are expanding into white collar crime. According to the FBI, a slew of gangs, including the Bloods, the Crips and the Latin Kings are branching out into mortgage fraud, identity theft, check counterfeiting and bank fraud, among other crimes.

Waiting to Inherit: Not a Sound 'Financial Plan'

An estimated two-thirds of baby boomer households will receive an inheritance at some point, with a median amount of $64,000, according to an AARP study. I recently received an email from a reader who has fallen deeply into debt in anticipation of her legacy -- and is now worried that her bailout may not be at hand:

Madoff: Banks and Hedge Funds Were 'Complicit'

In a jailhouse interview with the New York Times, Madoff pointed to a failure by banks and hedge funds to investigate when his filings with the Securities and Exchange Commission didn't jibe with information that they could have obtained.

Two More Arrested in Madoff Ponzi Scheme

Annette Bongiorno and Joann "Jodi" Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and tax evasion.

Madoff Investors Sue SEC for Incompetence

A Boston-based law firm announced a lawsuit Friday against the Securities and Exchange Commission on behalf of investors conned by Bernie Madoff. The suit brought by Kacheroo Legal Services seeks class-action status, and if it goes forward, it will be the first such suit ever.

Madoff Associate Stanley Chais Dies at 84

On Sunday, money manager Stanley Chais died at age 84, still under investigation for his involvement with Bernard Madoff. Chais channeled large amounts of investors' money to the now-notorious Ponzi schemer, and over the years extracted more than $1 billion from Madoff's fund.

Legal Briefing: BP's Partners Will Negotiate on Oil Spill Bills

Mitsui Offshore Exploration and Anadarko Petroleum, BP's partners in the Deepwater Horizon well, now refuse to share in the liability for the Gulf oil spill, saying BP's gross negligence frees them from liability. But before the issue goes to arbitration, they're going to try to talk it out.

Tips for Vetting an Investment Adviser

The Bernard Madoff scandal made a lot of people wonder if they'd checked out their brokers or advisers thoroughly enough. If you haven't gone through the steps to vet the person who's holding your hand when it comes to your investments, here's where to start.