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.

Bernard L. Madoff, the alleged architect of a $50-billion Ponzi scheme whose victims included Hollywood luminaries, retirees and nonprofit charities, appears to be going down without a fight.

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 ...

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 ...

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 ...

Remember Bernard L. Madoff. He should be as well known to investors as Warren Buffett is, but for different reasons. Buffett is known for investment success and philanthropy. Madoff should be ...

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

A Queens native, Madoff founded his eponymous financial firm, Bernard L. Madoff Investment Securities, in 1960 and began as a “market maker” who accepted buy and sell orders from brokerage houses.

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 ...