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.

News about Bernard L. Madoff, including commentary and archival articles published in The New York Times.

BOSTON, Feb. 11 -- The wife of disgraced money manager Bernard L. Madoff withdrew more than $15 million from a firm co-owned by her husband, including $10 million on the day their children turned ...

Bernie Madoff, the disgraced former financier who ran the largest Ponzi scheme in history, has died, sources confirmed to ABC News. The 82-year-old died of natural causes while being housed at the ...

Wall Street players couldn't accept that Bernard L. Madoff, of all people, would have pulled something like this.

It's well known that Bernard Madoff, who died on April 14 at 82 while serving a 150-year prison sentence for a nearly $65 billion Ponzi scheme, was one of the greatest swindlers of all time.

But from the start of his career, Madoff was living a double life, with the respectable Bernard L. Madoff Investment Securities, LLC occupying the 19th floor of Midtown Manhattan’s Lipstick ...

On Wednesday, Madoff told two senior executives at his firm -- reportedly his sons, who helped run Bernard L. Madoff Investment Securities -- that he wanted to pay bonuses to key employees ...

Five years after Bernard L. Madoff's massive Ponzi scheme was unveiled, here's a look at what several of his family members, employees and investors are up to now and how their lives were forever ...

Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family. In his first interview for publication since his arrest ...