Bernard Madoff | featured news

Epic swindler Bernard Madoff's two sons, his brother and a niece will be sued this week for $198 million, the trustee winding down the Madoff firm told CBS News' "60 Minutes" broadcast on Sunday.

Bernard Madoff, convicted of swindling $65 billion through the biggest-ever Ponzi scheme, has told fellow prison inmates that he is dying of cancer, the New York Post reported on Monday, citing unnamed prison sources.

Prosecutors expect to charge Frank DiPascali Jr., a former Madoff lieutenant, with multiple counts of fraud and other criminal charges.

The Internal Revenue Service has begun sending refund checks to investors who paid taxes on money they thought they had made before the multibillion-dollar fraud was revealed.

Three leading publishers have moved up the release dates of their books on how Bernard Madoff accomplished his massive financial fraud.

With time credited for good behavior, Bernard L. Madoff might be free in 2039.

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.

The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse, an action that forced his wife to move elsewhere.

Authorities are pursuing charges against 10 more people in the Bernard Madoff financial scandal after the mastermind of one of the biggest financial frauds in history was sentenced to spend the rest of his days behind bars, The Associated Press has learned.

U.S. District Judge Denny Chin sentenced Bernard Madoff on Monday to 150 years in prison, the maximum sentence sought by prosecutors.