madoff

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.

The trustee in charge of the bankruptcy of Bernie Madoff's investment firm spent $26.9 million in the six months ended Sept. 30. In that time, it has recovered $849,000 for the victims of Madoff's Ponzi scheme. The single largest expense for the period was $15.8 million in legal fees to trustee...

Hedge fund manager Arthur Nadel, dubbed the "mini-Madoff", was sentenced to 168 months in jail after being found guilty of embezzling millions of dollars in a Ponzi scheme. The sentence is one month in jail for every $1 million he embezzled. Nadel, 77, was found guilty of cheating elderly...

Bidders will have the chance to dip into the lifestyle of convicted Ponzi schemer Bernie Madoff, when a collection of his prized possessions are put up for sale. Among the goods to go under the hammer are a Steinway & Sons grand piano, a woman's ring with a 10.54-carat diamond and a miniature...

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.

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.

The U.S. Attorney's office filed suit to reclaim more millions for victims of Bernard Madoff, this time seeking some $5.1 million in assets from Annette Bongiorno, an employee of Madoff for some 40 years, and her husband. The assets include over $2 million in cash plus titles to homes in New York and Florida, a Bentley, and two Mercedes.

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.

The trustee in charge of overseeing the firm once run by convicted Ponzi scheme operator Bernard Madoff has sued 43 new affiliates of Fairfield Greenwich Group and its founding partners, alleging they enriched themselves in the fraud. An amended complaint, filed late Tuesday by court-appointed...