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Ponzi schemer's son storms off after bitter fight Cops were searching for one of Bernie Madoff's sons yesterday, but not for the reason you may think. Mark Madoff, the frazzled former trader at his father's firm, disappeared yesterday after an acrimonious argument with his wife, who, fearing for his safety, desperately called the cops, according to a published report. That frantic call prompted a police search, which ended when Mark came back home, saying he had spent the night in a fancy hotel and planned to get help for his issues from a doctor, reports The New York Post. The...

Madoff's offspring were long aware of their dad's crooked ways and helped perpetuate his $65B fraud........ former traders Reed Abend and Richard Stahl made the explosive claims in suits against Andrew and Mark Madoff.........claiming the sons lied after a 2001 Barrons article questioned the consistently positive returns......the brothers stated falsely that Madoff's investment advisory was completely legit. It is clear that they had long known that their father's investment advisory business was an illegal enterprise, and that criminal conduct threatened the trading business and its employees, the suits allege......this marks Round 2 with Andrew Madoff, with whom Abend exchanged insults...

For years the London operation for Bernard Madoff's firm was a little-known outpost of his New York trading group. Now, authorities said it played a role in how Mr. Madoff carried out his alleged fraud. The development, disclosed in the government's criminal charges against Mr. Madoff on Tuesday, draws a more-direct connection between the alleged fraud and the trading operation in London, where directors and shareholders included family members and associates of Mr. Madoff.Mr. Madoff, the government alleges, used the London operation to launder client money. He carried out the alleged fraud by transferring client money from the investment-advisory business...

The unusual nature of how Bernard Madoff's alleged $50 billion Ponzi scheme surfaced -- with a confession from the key figure himself -- is complicating a high-profile investigation by the Securities and Exchange Commission. ..... Typically, investigators begin with a tip or whistleblower and cut deals with lower-ranking employees to build a case against the suspected mastermind of a fraud. In this case, investigators started with a confession from the mastermind, Mr. Madoff, according to a government affidavit, and they are trying to work backward to piece together what happened. People familiar with the investigation say the Madoff firm's records...

Bernie Madoff's investment fund may never have executed a single trade, industry officials say, suggesting detailed statements mailed to investors each month may have been an elaborate mirage in a $50 billion fraud. An industry-run regulator for brokerage firms said on Thursday there was no record of Madoff's investment fund placing trades through his brokerage operation. That means Madoff either placed trades through other brokerage firms, a move industry officials consider unlikely, or he was not executing trades at all. "Our exams showed no evidence of trading on behalf of the investment advisor, no evidence of any customer statements being...