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...time, and you've known it. Now you are about to take the most harrowing final steps imaginable. You will be handcuffed, placed in a cell, and you will have nothing but the time of your final days to reflect on what your life has stood for. You're among the greatest white-collar criminals in history. Was it worth it, Mr. Madoff...

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

...they believed they had earned with me or to redeem their principal, I used the money in the Chase Manhattan bank account that belonged to them or other clients to pay the requested funds. The victims of my scheme included individuals, charitable organizations, trusts, pension funds and hedge funds. Among other means, I obtained their funds through interstate wire transfers they sent from financial institutions located outside New York State to the bank account of my investment advisory business, located here in Manhattan, New York and through mailings delivered by the United States Postal Service and private interstate carriers...

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

...through the filing of false and misleading certified audit reports and financial statements with the SEC. I knew that these audit reports and financial statements were false and that they would also be sent to clients. These reports, which were prepared here in the Southern District of New York, among things, falsely reflected my firm's liabilities as a result of my intentional failure to purchase securities on behalf of my advisory clients...

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

...dwindling ranks of the still employed, you know you're among a fortunate bunch. In this market, a job is about the only asset that continues to have value. So, if your livelihood were threatened, how far would you go to hang on to it? Would you lie to your colleagues? Would you flirt with your boss...

Author: /time Magazine | Title: Lie, Cheat, Flirt. What People Will Do to Keep a Job | 3/12/2009 | See Source »

...Prime Minister Yousuf Raza Gilani on Wednesday to discuss the turmoil. "I suspect what might happen is an attempt by the military to orchestrate events in a way to curb or control Mr. Zardari's powers," added Shaikh. "Patience appears to be running out with Mr. Zardari - in Pakistan, among the military establishment and the international community...

Author: /time Magazine | Title: In Pakistan, Zardari's Crackdown Betrays Weakness | 3/11/2009 | See Source »

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