Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.

Kentucky investors sue three banks after Brian McClain's $100 million cattle Ponzi scheme was uncovered following his suicide ...

His name is synonymous with massive fraud. Now, a new podcast. "Easy Money: The Charles Ponzi Story," delves into how and why ...

Money repaid slowly as investors' retirements stalled and homes in jeopardy. April 20, 2009— -- 8,500 victims of Bernard Madoff's self-confessed $65 billion Ponzi scheme have filed claims to ...

Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the largest Ponzi scheme in history, according to a ...

Bernard Madoff's victims will soon receive another $372 million to help cover their losses, nearly 14 years after the swindler's capture for running a massive Ponzi scheme, the U.S. Department of ...

NEW YORK — Five years after Ponzi scheme mastermind Bernard Madoff's arrest, his claim that he alone was responsible for the more than $17.3 billion fraud is being demolished in the conspiracy ...

Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. "I used to work as a clerk in the commissary, and now they have me taking care of the telephone ...

NEW YORK, Dec 30 (Reuters) – A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 ...

A picture taken on January 14, 2009, in New York of Bernard Madoff leaving U.S. Federal Court after a hearing regarding his bail, and (inset) Madoff pictured in a still from the Netflix ...

In 2017, the world was captivated by the story of disgraced financier Bernard Madoff, who was brought to life on television screens by HBO's "The Wizard of Lies." ...

Started his firm with $5,000 he saved from working as a lifeguard. Madoff served as NASDAQ’s chairman in 1990, 1991 and 1993. Had many high-profile victims, including director Steven Spielberg ...