Wall Street's most infamous: Where are they now?

Bernie Madoff, Michael Milken and 'Crazy' Eddie are just three examples of businesspeople who gamed the system, bent the rules or just ran off with the money. Here's what happened to them.

By Charley Blaine, MSN Money

 of 19
 of 19
120Comments
Jul 29, 2013 7:19AM
avatar
I agree with David Burton . Martha Stewart should not be put in this crowd of scumbags . I'm not a fan of Martha's , but I do believe she was set up to fall . She did nothing different , than what , then Senator Kerry from Massachusetts did when he got inside information on a visa stock deal , he made millions on the deal . If you want to use the "criminal tag " so loosely , then pin it on the criminals in Washington D.C.
Jul 29, 2013 10:02AM
avatar

What a shame you put Martha  in here.  She was railroaded.  There are so many deserving individuals that belong in.  to begin with the entire us congress and senate.  75% of the ceo's of american corporations.

These people steal money from us everyday and are never jailed.

Jul 29, 2013 4:41AM
avatar

Wow everydaysmoe.........you are assuming too much, please.  I never said that Martha Stewart was an angel and I did not say that she didn't do anything wrong.  I just said she did not deserve being compared to the other criminals she was listed with on the author's column. 

 

My concern is not really with Martha or even you not agreeing with me.  You have the right to do that.  My concern is with the author of the article having so much influence with readers.  Some people believe everything they read and never question judgments or possible motives of those writing the articles.

 

I was just expressing my opinion....that's all, but thanks for the reply.

Jul 29, 2013 9:10AM
avatar

Tell me why Obama's friend, Jon Corzine, did not go to prison. He was in charge of MF Global and and lost billions of investors money. And when I say 'lost', I do not mean stock crashes. The money just 'disappeared'.

And what about Franklin Raines, who fudged accounts in Fannie Mae, getting 96 million in 6 years....using part of that to buy the patent to the Global Warming Carbon Tax scheme... (see why that crowd is forcing 'climate change' propaganda on us...they are lying in wait to tax us for trillions). Raines later had to pay back 24.7 million to the government's oversight agency. But still got to keep his 75 million.

Jul 29, 2013 3:17AM
avatar
I think Barry Minkow & the rest of that low life scum should be shot. While millions of people don't even have enough money for a home wealthy men like them are stealing from people with a lot less than they have. They are human garbage!!!
Jul 29, 2013 9:39AM
avatar
Hey. Does no one recall that Congress had passed a bill, buried in other legislation on purpose, that allowed them to trade on insider information! Dirty slimy rats. They have no interest now in investigating who traded on insider information and how much money they made (stole) from the American people to enrich themselves. Pure greed. This is a huge scandal and all who participated ought to be branded for it. Fat chance.
Jul 29, 2013 10:08AM
avatar

Insider Training  by Congress - more. I can still see Nancy Pelosi on TV when a reporter asked her ad hoc about her own insider trading allowed by Congressional members and staff. She went dead white and began stuttering.  It was hilarious. She and her husband's total worth was about 3.5 million only 3 years before that and by the time of this question they had over 13 million in wealth. Ya, time to cr*p yourself, and half the Congress too, both GOP and Dems alike. You didn't see House Leader Boner (phonic pronunciation) asking for an investigation of Dems, or even ever mentioning it, did you. Together they quickly reversed the bill hoping that would prevent any further questions. IT WORKED! But the place is still crawling with rats. I recommend we demand a least two additional political Parties. The two Party system is broken beyond saving.

Jul 29, 2013 9:39AM
avatar
Stewart merely followed he financial planners advise. That said, to all you whiners out there complaining about these folks and how they should be "shot". How then can you follow your particular political hero's so blindly knowing they are running the biggest Ponzi scheme the world has even known? The REAL criminals live inside the Washington D.C. beltway. The House, Senate, White house, IRS, CIA, FBI, DLM, DNR, EPA, IF it's part of the federal crime syndicate, this is the source of all the true "white collar" crime and the place all the "lost" money ends up. Politicians are ALL dirty, ALL the time. They have two thing in common, 1) If they're mouth is moving, they ARE lying to you. and 2) If you want to see where they're loyalties truly lie, Check their portfolio. Yes children, It is that simple.
Jul 29, 2013 8:15AM
avatar

I agree with David Burton.  I think the author of this article is lumping folks wrongly into a single category.  The definition of a criminal in this day and time is just plain wrong. We tend to pick and choose who gets to be punished and picked on.  Take a look at congress and the people we have in office and then ask yourself about the definition of a criminal.  So many issues with them go under the radar screen with their "inside" information making millions off the backs of you and me the common tax payer.  How is that not a crime?  How is it not a crime for employees of the Federal Government to spend our tax dollars on purported "research" when in fact in may cases some scientist just wants a new toy in their laboratory- so WE pay for it.  I've seen it happen - and reporting it up the food chain does no good. The Government does what it wants to do to who it wants to do it to. If you have a target on your back placed there by the Federal Government, you can bet they will find a way to get an arrow stuck to it. 

 

 I am no fan of Bernie Madoff but I do think Martha Stewart got a totally raw deal and regardless of what some may think she is, in my opinion she is NOT a criminal.   

Jul 29, 2013 9:44AM
avatar
To include Martha Stewart is wrong, she was demonized for being a women plain and simple.  She grabbed a few to many men's family jewels and they didn't like the fact that she could and is still playing with the big boys.  Beating them at there own game.  The government was setting an example for a small amount of capitol, they know this goes on a daily basis on a much larger scale and is totally ignored.  Rather than attempt to make a women pay they need to worry about trying to get something done.  Rather than be obstructionist which is a far greater crime to the people of the US.  She's a self made billionaire, maybe not a sweetheart of a women, but neither is any business person who made this type of money.  You make enemies, vengeance of this magnitude is a petty reward best served on yourself.  This was "Not a good thing."  This is my opinion and mine alone may statements are my opinion.     
Jul 29, 2013 11:04AM
avatar
There is insider trading in the congress & why? It was repealed by Scott Brown of MS. & reinstated by Nancy Pelosi & signed into law by Obama. How do they get away with that ,this is true corruption. As for putting Martha Stewart in with these people how disgusting. I know that she is a snob, but I think what was done to her was disgusting.
Jul 29, 2013 9:06AM
avatar
They watch big screen TV. Eat like kings.  Own the federal country clubs they live in and we all pay the bill.  Our system of justice is lost, it was sold many yeas ago. Every swing dick in government is on the take. It's so bad Russia is learning from us!  If you got money you will get away with any crime anywhere in the world with no questions asked. Well come to the new America where greed and money are taught from birth. Did you make money today?
Jul 29, 2013 8:22AM
avatar

Why  not answer the questions instead of having to go to another website? You lost me here.

 

Jul 29, 2013 8:34AM
avatar
The dictionary is clear on the meaning of the word "criminal" regardless if your industry is banking, designer or medicine man or politician. The problem is that only a few are getting caught the rest still at large.
Jul 29, 2013 9:47AM
avatar
Martha Stewart ????  Please,   she is not a criminal !!!!! 
Jul 29, 2013 9:13AM
avatar
Frankly the ones shown are no differant from congress or the low lifer in our White House.
Jul 29, 2013 7:50AM
avatar

 

The term 'criminals; to me, also includes those not actually convicted. Like some in our current administration,lol. Actually, Im tired of all these pieces about 'Walll Sreet" and the other  'rich crooks' stories...There are 'crooks'in every field. Some rich are crooks, most are not. More non rich are criminals,somearenot. Why not do a story about the geniuses, the honest of Wall street who helped bail out the auto industry and the banking industry when the government went to THEM to ask for help...why no more stories about Buffet who was one of those just mentioned...and the other giants who have privately helped to save our economy more than once and never claimed credit (read about it-those government 'bailouts were in big part made possible by the most powerful on WallStreet-they made the bail outs possible- didn't want to doit, but knew it would affect world economy and all of us if they didn' tsothey poinied up bog time.Thank these Wll streeters for getting usout of those messes-not thegovernment..)..or why no stories on those who are giving away more than 50% of their wealth to chairty (Buffet up to 99%-look up the 'Giving Pledge"),  or the many who contribute more money to good causes tha you or I could ever begin to imagine.  To me, this story just reinforces the steroetype made so popular by Michael Douglas's 'Wall Street" movie: all on Wall Street are crooks-translation: ALL rich are crooks. MSN LOVES to do 'lets hate the rich' stories. Especially when they don't have to do any real journalistic work to write them. How about some stories on crazy, vicious, brutal, non-famous-non Wall St., murderous 'criminals' we see destroy lives in action daily and the mental illness and abberations that drive them-and how about consulting a panel of experts to look at ways might identify and prevent them from growing into monsters while young-your average violent 'criminal's is MUCH more a threat to society than Martha Stewart/Wall St types-in sheer numbers alone.. But a story like that would require real research, study and expert opinions...and would be a serious attempt at fixing our violence problem...and what fun is that when you can put Martha Stewart:' criminal' in a in a headline in 5 minutes and guarantee a juicy healine??? My own fault,  I said I'd never read MSN 'news' again...it isn't real news, just more sensational fluff...ah,well,tommorows another day...

Jul 29, 2013 8:37AM
avatar
Thieves and liars cost us more and more everyday. It is hard to figure how much money of honest and trusting people was lost forever by these thieves and liars. I can see why our society is so poor from being robbed over and over. To think we haven't been robbed by countless 'businessmen' is a sure sign those type thieves and liars can continue. Some might even think it's ok to cheat a few out of a few bucks. If that's true you're a lying thief too.
Jul 29, 2013 6:49AM
avatar
" Den of Thieves " was one of the greatest books I have ever read.
If your an investor at any level, read it, you won't be disappointed .
Jul 31, 2013 2:34PM
avatar

Yeah, so what...  And the US Government is a 2Trillion dollar/year extortion, fraud and racketeering  business that is over 15 Trillion in debt that wastes over 50%of  what it muscles in, employs 90% non-essential personnel and  is run by  a bunch of idiots and socialist money grifters who couldn’t run a lemonade stand.

 

Congress is the biggest den of thieves, graft, and corruption that dwarfs any Wall Street, Corporate or private banking scandal that has ever occurred in our country’s history!

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Trending NOW

What’s this?

MARKET UPDATE

[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open Market Committee. The S&P 500 added 0.1%, while the relative strength among small caps sent the Russell 2000 higher by 0.3%.

Equities spent the first half of the session near their flat lines as participants stuck to the sidelines ahead of the FOMC statement, which conveyed no changes to the ... More

MSN MONEY'S