Related Articles: Keep Bernard Madoff Free!

• Bank of America’s $33 Million Slap on the Wrist

  9/15/2009 12:00:00 AM

  Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the Securities and Exchange Commission and Bank of America over the issue of the financial firm making inaccurate statements regarding Merrill Lynch employee compensation. These statements were made in the B of A proxy that was sent to shareholders to approve the Merrill buyout.

• The SEC's Long Tide of Surrender

  Michael Hirsh 9/4/2009 12:00:00 AM

  In the days immediately after Bernie Madoff's arrest, some enforcement experts I talked to speculated that the errant financier might have been an honest investment manager for much of his career. They said it was likely that he started scamming his investors only after he found himself underwater at some point and got desperate. After all, they reasoned, no one had ever gotten away with a Ponzi scheme for so long, more than 20 years. (The eponymous Charles Ponzi himself was discovered after only two years.) As we know, Madoff did. And the report from the Securities and Exchange Commission’s inspector general, released earlier this week, finally explains why: sheer regulatory incompetence over two decades, through several SEC chairmen, both Democratic and Republican.

• Should You Sue Your Financial Adviser?

  Nancy Cook 8/19/2009 12:00:00 AM

  Some signs that clients should watch for is when your adviser stops communicating with you. That is a red flag. If you're reading the documents that your adviser gives you, he should be able to summarize anything you find confusing. It's a problem if they're not willing to do that to get your business. Another thing is to make sure to look at your financial statements. The statement should make it crystal clear how the returns line up with the objectives of the investments. And you should measure the objectives. Is allocation of investments where I said it should be? Is this the regularity of the trades what we expected? Is the return what we thought it was?

• America’s Disappearing Millionaires

  Daniel Gross 7/24/2009 12:00:00 AM

  It hasn't been a good recession for the rich. The late boom was extraordinarily top-heavy, with the overwhelming majority of economic gains seemingly defying gravity and flowing to the top rung of the economic ladder. Now those with the most assets and income have the most to lose. Add together the declining markets, an imploding finance sector, a real estate rot that has eaten its way up from the ground floor to the penthouse, and the predations of Bernie Madoff and Sir Allen Stanford, millionaires who ripped off other millionaires, and, as my Newsweek colleague Robert Samuelson notes, these are tough times for the wealthy.

• The Day After

  7/18/2009 12:00:00 AM

  Bernie Madoff's fate is sealed: it was decided last week that he'll spend his 150 years in a prison in N.C. But the sad saga continues for his victims:

• Living Large in the Big House

  Nick Summers 6/29/2009 12:00:00 AM

  In the public eye, each stage of the white-collar criminal's path from boardroom to big house is attended by drama. There's the shock of being caught, the gravity of indictment, the finality of a conviction, and the satisfaction of sentencing. But the final step of the process often earns far less attention: designation, the process by which the Federal Bureau of Prisons determines where the freshly convicted serve their time.

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