Ponzi Scheme

Bernie Madoff’s Daughter-In-Law Tries To Erase Everything About Him; Changes Name


Posted on Feb 03, 2012 @ 06:00AM - 15 comments

By Alexis Tereszcuk - Radar Senior Reporter

As Bernie Madoff sits in jail for his billion dollar Ponzi scheme his daughter-in-law is trying her best to erase everything about him from her young family’s minds.

Stephanie Madoff, 37, was the wife of Bernie’s son Mark before he committed suicide in December 2010. In a new interview with Harper's Bazaar magazine, she says after the humiliation their family suffered, she changed her last name, moved out of the family apartment and is trying to start a new life. 

She now goes by the name Stephanie Mack.

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Life’s A Beach! Kevin Bacon Finally Afloat Again After Being Wiped Out By Madoff Scandal


Posted on Dec 27, 2011 @ 04:00PM - 4 comments

By Radar Staff

It’s great to see Kevin Bacon afloat again after suffering the loss of his life savings at the hands of disgraced investor Bernard Madoff.

The Footloose star and his wife, Kyra Sedgwick were pictured canoeing in the ocean in Maui on Monday and looked as if they didn’t have a care in the world.

PHOTOS: Kevin Bacon And Kyra Sedgwick Take To The Seas In Maui

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Tobey Maguire Pays $80K To Get Out Of Poker Ring Lawsuit


Posted on Nov 28, 2011 @ 05:30AM - Add a comment

By Radar Staff

Tobey Maguire has agreed to pay $80,000 to be excluded from an ongoing lawsuit tied to his poker winnings at a high-stakes game organized by convicted Ponzi schemer Brad Ruderman, RadarOnline.com has learned.

Tobey Maguire has agreed to pay $80,000 to be excluded from an ongoing lawsuit tied to his poker winnings at a high-stakes game organized by convicted Ponzi schemer Brad Ruderman, RadarOnline.com has learned.

The Spider-Man star's payout was revealed in new bankruptcy court documents filed Wednesday, according to The Hollywood Reporter.

Maguire personally signed the settlement papers himself November 18, according to court docs. He said he did not receive anymore than the $80,000 from Ruderman that he's paying back, and had no knowledge of the ongoing con or where Ruderman's poker bankroll came from.

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Carol Burnett's Former Son-In-Law In Jail For Alleged Ponzi Scheme


Posted on Nov 16, 2011 @ 01:00AM - 2 comments

By Radar Staff

The former son-in-law of comedian and singer Carol Burnett is in a Los Angeles jail for running an alleged Ponzi scheme, RadarOnline.com can exclusively reveal.

Anthony "Trae" Carlson was arrested on October 21 and has been charged with 40 fraud-related felonies with bail set at a whopping $2.5 million.

The former son-in-law of comedian and singer Carol Burnett is in a Los Angeles jail for running an alleged Ponzi scheme, RadarOnline.com can exclusively reveal.

Anthony "Trae" Carlson was arrested on October 21 and has been charged with 40 fraud-related felonies with bail set at a whopping $2.5 million.

The suspected con man is currently being held at the Twin Towers Correctional Facility in downtown Los Angeles, according to the Sheriff's Department records.

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Bernie Madoff's Daughter-In-Law Talks To Anderson About Their Dysfunctional Family


Posted on Nov 01, 2011 @ 07:00PM - 6 comments

By Radar Staff

Bernie Madoff's daughter-in-law has opened up to Anderson Cooper about how her life has been turned upside down since his high-profile downfall that led to the suicide of her husband, and RadarOnline.com has a video clip of the heartfelt interview.

Stephanie Madoff Mack, who is the widow of Mark Madoff, talked about the continued backlash after Bernie's $65 million Ponzi scheme was uncovered in December 2008 and his shady dealings turned into the country's biggest ever financial fraud scandal.

She was asked by Cooper on his syndicated talk show, Anderson, how she felt about the 60 Minutes interview with the disgraced financier's wife, Ruth, and son, Andrew, in which they talked about the night Bernie confessed to them that he was living a lie.

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Nick Cassavetes Going For Broke In Hollywood Poker Lawsuit


Posted on Sep 07, 2011 @ 07:30AM - Add a comment

By Jen Heger - Radar Legal Editor

The Notebook director, Nick Cassavetes, wants a lawsuit against him in connection with the Hollywood poker scandal thrown out, and is gearing up for a legal fight, RadarOnline.com is exclusively reporting.

The Notebook director, Nick Cassavetes, wants a lawsuit against him in connection with the Hollywood poker scandal thrown out, and is gearing up for a legal fight, RadarOnline.com is exclusively reporting.

Cassavetes is being sued for almost $74k in earnings by a bankruptcy trustee who is trying to recoup losses that were suffered by former clients that invested with Brad Ruderman, who was convicted in a Ponzi scheme.

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Kelsey Grammer: ‘I’m The Victim Of An Online Ponzi Scheme’


Posted on Sep 07, 2011 @ 06:00AM - 2 comments

By Amber Goodhand - Radar Reporter

Kelsey Grammer claims he’s the victim of an online Ponzi scheme that has stripped him of nearly $200,000, Star magazine is exclusively reporting.

Kelsey Grammer claims he’s the victim of an online Ponzi scheme that has stripped him of nearly $200,000, Star magazine is exclusively reporting.

The Fraiser star claims his name and likeness were used without his permission on a website called Staropoly.com, and Grammer is now caught up in a lawsuit against the site’s parent company, TODHD, which is being investigated by the Federal Bureau of Investigation.

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Poker Ring Lawsuit Trustee Fires Back At Tobey Maguire


Posted on Jul 01, 2011 @ 01:30PM - 1 comment

By Jen Heger - Radar Legal Editor

The court-appointed trustee for the Hollywood celebrity poker lawsuits is firing back at Tobey Maguire for claiming that the poker games were legal, and that he shouldn't be forced to give up his winnings.

The court-appointed trustee for the Hollywood celebrity poker lawsuits is firing back at Tobey Maguire for claiming that the poker games were legal, and that he shouldn't be forced to give up his winnings.

As RadarOnline.com previously reported, Maguire, 35, won more than $300,000 from a Beverly Hills hedge fund manager who allegedly embezzled investor funds and orchestrated a Ponzi scheme in a desperate bid to pay off his monster debt to the star and others, and Howard Ehrenberg is attempting to recoup that money for the investors.

Ehrenberg tells RadarOnline.com exclusively: "What is interesting is that Mr. Maguire is now hedging his bets as to whether the games were operated legally. He now seems to say that if the games were not legal, he did not know it."

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NY Yankees' Star A-Rod Played In Illegal Hollywood Poker Ring


Posted on Jul 01, 2011 @ 11:00AM - 6 comments

By Dylan Howard - Senior Executive Editor, Star magazine

He was warned to steer clear of the underground poker world, but he simply didn’t want to fold 'em.

He was warned to steer clear of the underground poker world, but he simply didn’t want to fold 'em.

New York Yankees' slugger Alex Rodriguez played in the illegal high stakes Hollywood poker ring that featured numerous A-list celebrities, Star magazine is reporting exclusively.

Cameron And Arod Hanging Out In Miami

What’s more, Star learned A-Rod played in another high-stakes no-limit Texas Hold 'em game as recently as the last two months -- which had a buy-in of $40,000.

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Trustee For Hollywood Poker Lawsuit Tried To Settle With Tobey Maguire & Others -- Before Filing


Posted on Jun 23, 2011 @ 06:43AM - 3 comments

By Jen Heger - Radar Legal Editor

The court-appointed trustee for the Hollywood celebrity poker lawsuits tried to privately settle with Tobey Maguire, and other parties, before filing, to avoid negative publicity, RadarOnline.com has exclusively learned.

However, all attempts to do so were unsuccessful and trustee Howard Ehrenberg was forced to file against the Spider-man star and other Hollywood bigwigs in an attempt to reimburse money that investors lost in an elaborate Ponzi scheme hatched by hedge fund manager Brad Ruderman.

“The investors that I represent lost about $50 million dollars,” Ehrenberg told RadarOnline.com exclusively. “I contacted representatives for Mr. Maguire before I filed the lawsuit against him as a courtesy, because I didn't want to cause him embarrassment. My attempts to collect money from Mr. Maguire were unsuccessful and went unnoticed, and I was forced to file the lawsuit against him.

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