He said he has recovered $950 million so far. Madoff was arrested in December after investigators said he confessed to his sons that he had swindled investors of $50 billion in a pyramid scheme.

It’s been more than 15 years since federal authorities put an end to Bernie Madoff’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation ...

Victims of Brian McClain, dubbed the 'Bernie Madoff of cows,' are suing three banks for allegedly enabling a $100 million Ponzi scheme involving non-existent 'ghost cattle.' ...

The Madoff Victim Fund has started distributing more than $131.4 million in its 10th and final round of payments, bringing the total amount of compensation — shared among almost 41,000 ...

Kevin Bacon opened up about the impact Bernie Madoff's Ponzi scheme held on his family after it was unveiled in 2008 that the financier, who died in 2021 at 82, had scammed more than $64 billion ...

Madoff was sentenced to 150 years in prison in 2009 for defrauding thousands of investors out of nearly $65 billion with his Ponzi scheme. His victims reportedly got a $4.3 billion payout.

Bernard Madoff, founder of Bernard L. Madoff Investment Securities, 70, was charged on Thursday by the Manhattan U.S. Attorney's office and the Securities and Exchange Commission with securities ...

Dec. 11, 2013 -- intro:On the fifth anniversary of Bernie Madoff's arrest for perpetuating the biggest Ponzi scheme ever, here's a look at some of the claims that the 75-year-old has made.

Madoff pled guilty in 2009 to 11 felonies, and admitted he used his wealth management business to create a massive Ponzi scheme which enriched himself, his family and others. Madoff was sentenced ...