Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff's Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
A court-appointed trustee is suing JPMorgan Chase for its alleged involvement in Bernard Madoff's multibillion-dollar Ponzi scheme. The investment bank was Madoff's primary bank for 20 years. JPMorgan said it didn't know about -- much less assist -- Madoff's fraud.
Annette Bongiorno and Joann "Jodi" Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and tax evasion.
The owners of Manhattan%u2019s landmark Lipstick Building, which housed convicted Ponzi schemer Bernie Madoff's opulent offices, has filed for chapter 11 bankruptcy protection. Could new owners make the economics work?
From monogrammed slippers to a stuffed leather bull, here's a look at some of Bernie Madoff's intimate possessions that are going up for auction. Madoff is currently serving a 150-year prison sentence in North Carolina for perpetrating the biggest Ponzi scheme in U.S. history.
A group of 700 investors is arguing that customers of convicted ex-financier Bernard Madoff should be entitled to recoveries from the Securities Investor Protection Corp. even if they collected more from the fraudulent schemes than they invested.
In an attempt to recover more than $30 million from Bernie Madoff's family and the family businesses, a court appointed trustee filed three new lawsuits in the U.S. Bankruptcy Court in Manhattan on Thursday,
Trustee Irving Picard, charged with recovering money for the victims of Bernard Madoff, is preparing a series of lawsuits to win back money from investors who gained financially from their association with Madoff.
Bernie Maddoff has reportedly been bragging to his fellow inmates that he has "stashed" $9 billion with three close friends. While the claim could be true, it could also just be one more attempt by the Ponzi schemer to boost his street cred in prison.
