Peter Madoff

Federal authorities arrested two computer programmers who worked for convicted Ponzi patriarch Bernie Madoff (pictured), charging them with several criminal counts for their alleged role in the massive $60 billion scam. George Perez and Jerome O'Hara appeared in federal court Friday and faced...

When Bernie Madoff, the master Ponzi schemer, was sentenced to 150 years in the slammer, many of his victims felt some measure of justice had been served. But others were furious that members of Madoff's family appeared to have tap-danced away with millions in the months leading up to their...

For months, many of Bernie Madoff victims have loudly questioned the government's refusal to target the famous schemer's family. It now seems that they are about to get their wish. Irving Picard, the court-appointed trustee in charge of recouping money from Madoff is, allegedly, planning to file...

Investors who made money investing through Bernie Madoff could be facing a clawback lawsuit, which seeks to get back funds from investors who made withdrawals before the firm collapsed. According to the Wall Street Journal, the first lawsuit was filed by Madoff Trustee Irving Picard on Thursday....

UPDATE: Now that Bernard Madoff pleaded guilty to 11 charges, prosecutors' efforts turn to identifying those who helped him perpetuate the fraud. Investigators say Madoff told 4,800 investors in November that their accounts were worth $64.8 billion, even though he knew their holdings were a "small...