An appeals court has blocked liquidators’ yearslong effort to recover about $6 billion from investors who cashed out of a ...

The police lack time, resources and support of a public fearful of violent crime. Should banks take more responsibility?

The Second Circuit reversed a district court ruling on claims by liquidators of investment funds forced to wind down in the British Virgin Islands after heavy investments in Bernard Madoff’s Ponzi ...

Bernard Madoff (C) walks out from Federal Court after a bail hearing in Manhattan January 5, 2009 in New York City. Madoff is accused of running a $50 billion Ponzi scheme© Getty Images ...

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 ...

Con artists aren't the only reason unsavory schemes succeed. Feb. 1, 2009 — -- Less than two months ago, Bernard Madoff was arrested by the FBI for securities fraud. Given the relative ...

JPMorgan has been slapped with yet another fine, this time a $2.6 billion penalty for violations associated with the Bernie Madoff pyramid scheme. In announcing the settlement, U.S. Attorney Preet ...

A top lieutenant to Bernard L. Madoff explained in detailed, often colorful testimony the lengths required to maintain the firm's massive Ponzi scheme, including one incident in which the staff ...

— -- Federal authorities have charged a Wall Street veteran with running a Ponzi scheme that prosecutors allege lost a staggering $50 billion. Bernard Madoff, founder of Bernard L. Madoff ...

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.