By now, you’ve probably heard or read about the massive document dump that the SEC unleashed on Friday night: 536 exhibits related to the Bernie Madoff case. Reading all of these — even figuring out which ones are worth reading — was all but impossible, even if it wasn’t ... Read more

The Madoff in question this time, though, is Ruth. In June, Palm Beach County sent Ruth Madoff and her con man husband Bernie a tax refund check of $13,800. The money was for property taxes the couple overpaid on their South Florida mansion. Apparently, the waterfront estate had been overvalu ... Read more

Psychologists and psychiatrists around the world gathered for drinks and conversation tonight in their local coffee houses as Bernie Madoff boarded the bus to prison. The world will wait for his death bed confession in 2159. Experts on the human mind know that cars may be replaced by transporters an ... Read more

I love that this Ballad of Bernie Madoff video uses as its template one of the TV commercials about checking your credit reports. Speaking of credit reports, it's a great idea to check your information each year. Even if you don't fall for a scam or a Ponzi scheme like Madoff ... Read the fu ... Read more

Bashing the SEC. Yesterday I was accused of being goofy (by some junior Morgan Stanley investment civil servant) and at the same time told I was the funniest person on the planet (by someone I need to get to know better ;) ). So let us get back to business. The testimony of Harry Markopolos before ... Read more

So I heard Charlie G. making the argument that it pays to keep Madoff cloistered in his duplex so as to best get some info. Um no, send in Jack. We'll not only get a 3D view of the schematics of his condo, but find out where the money went in about 30 seconds. But more important questions ... ... Read more

Today the House Financial Services Committee will hear testimony from the SEC inspector general on the Madoff scandal . It promises to be the beginning of what Rep. Paul Kanjorski (chairman of the House Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises) is calling & ... Read more

Traders Say Madoff's Strategy Was Unworkable - WSJ.com : "The other red flag easily available to investors was the shallow volume in the options Mr. Madoff claimed to use as a hedge. About $3.25 billion of stock could have been protected by the total S&P 100 options outstanding at the end ... Read more

It is easy to see the Madoff affair as all bad. Regulators missed critical warnings. How many other cases like this are still hiding under rocks? Foundations and personal fortunes were wiped out. But, Madoff has helped the overall inves ... Read more

The SIPC came out with a statement last night indicating that they will be involved in the Madoff situation. The SIPC maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms. The SIPC reserves are available to satisfy the remaining claims of each customer ... Read more