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?
Thousands of belongings from Madoff's New York City penthouse, including his used shoes, went on the auction block.
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.
On Sunday, money manager Stanley Chais died at age 84, still under investigation for his involvement with Bernard Madoff. Chais channeled large amounts of investors' money to the now-notorious Ponzi schemer, and over the years extracted more than $1 billion from Madoff's fund.
