Hedge Fund Manager to Pay $405 Million to Madoff Victims

A settlement announced Sunday will bring $405 million to the clients of hedge fund manager J. Ezra Merkin who were victims of Bernard Madoff's Ponzi scheme. They include a host of charitable organizations; most will receive more than 40% of of their losses back.

How to run your own Ponzi scheme

Want to make $50 billion? Take a lesson from Bernard Madoff, and you too could be perp-walking into the Attorney General's office. Just follow these...