investment fraud

Top 10 Financial Scandals of All Time

Massive financial losses are joined by political double-dealings, public spectacles, pyramid schemes, celebrity downfalls, rouge traders and a few Nazis.

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.