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Ponzi Scheme

Bernie Madoff

Financial Markets

'Frustrated' Madoff Says He's Getting No Credit

Bernie Madoff says he is frustrated. Writing to CNBC from the federal prison where he is serving a life sentence for his epic fraud, Madoff said he is not getting credit for what he calls his "instrumental" role in returning money to his victims.

Bernie Madoff

Financial Markets

Money To Be Returned to Madoff Investors Tops $5 Billion

Most investors in Bernie Madoff's epic Ponzi scheme initially assumed they had lost everything. But a new distribution announced Tuesday by court-appointed trustee Irving Picard will bring the total amount returned to investors past $5 billion for the first time.

No Pot Of Gold

Financial Markets

Court Orders Some Stanford Ponzi Victims to Pay Money Back

A federal judge in Dallas has approved a controversial plan to claw back millions of dollars from some investors in Allen Stanford's $7 billion Ponzi scheme.

Bernie Madoff 50 Pound

Financial Markets

Madoff's Younger Brother Sentenced to 10 Years

Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. judge said Thursday.

Bernie Madoff

Financial Markets

U.S. Says Madoff’s Brother Peter Should Get 10-Year Term

Bernard Madoff’s brother, Peter Madoff, should get a 10-year prison term for his role in perpetuating the multibillion-dollar fraud, U.S. prosecutors said.

SEC Logo

Financial Markets

SEC Charges College Football Hall of Fame Coach in $80m Ponzi Scheme

The Securities and Exchange Commission has announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80m Ponzi scheme that included other college coaches and former players among its victims.

Bernie Madoff

Financial Markets

How Bernie Madoff Made Fools Of His Own Employees

Bloomberg has an interesting insight into how Bernie Madoff managed to keep details of his Ponzi scheme hidden from his employees.

Bernie Madoff

Financial Markets

SEC Charges Longtime Madoff Employee With Fraud

The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L. Madoff Investment Securities LLC (BMIS), with helping Bernard L. Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme.

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