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You knew what you were trading: 40-plus great years for 15 or 20 horrific years behind bars, until death. How could you not see what a tragic deal this was? Or maybe you did and didn't care; you imagined yourself impervious. You slipped past regulators. You fooled your...

Author: /time Magazine | Title: One Victim Asks: Was It Worth It, Mr. Madoff? | 3/12/2009 | See Source »

Your Honor, for many years up until my arrest on December 11, 2008, I operated a Ponzi scheme through the investment advisory side of my business, Bernard L. Madoff Securities LLC, which was located here in Manhattan, New York at 885 Third Avenue. I am actually grateful for this first...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

The essence of my scheme was that I represented to clients and prospective clients who wished to open investment advisory and individual trading accounts with me that I would invest their money in shares of common stock, options and other securities of large well-known corporations, and upon request, would...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

It wasn't always so blessed. Out of office, Thomas Jefferson found himself buried under crippling debts; James Monroe died destitute; and Ulysses S. Grant, scammed by a Wall Street grifter and battling cancer, hawked his memoirs to Mark Twain to keep his family afloat. Not until 1958 did the...

Author: /time Magazine | Title: A Brief History Of: The Post-Presidency | 3/12/2009 | See Source »

Teachers and school social workers at MPS are trained to recognize signs that a child may be between homes: hoarding food, wearing the same clothes every day, regularly falling asleep in class. Sometimes it's just a matter of asking the right questions. When a second-grader at Longfellow Elementary...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

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