Bernard Madoff | featured news

Live Blogging | Hearing for confessed Ponzi schemer is underway now in Manhattan.

Disgraced financier Bernard Madoff must forfeit $170 billion, a federal judge ordered Friday.

Bernard Madoff’s lawyer has told a judge scheduled to sentence the disgraced financier next week that 12 years in prison will be sufficient punishment.

Banco Santander, which funneled $3 billion in client funds to Bernard L. Madoff, agreed to pay $235 million to settle potential legal claims by a trustee of Madoff victims.

The sentencing of convicted Ponzi-scheme operator Bernard Madoff has been postponed about two weeks until June 29.

Swindler Bernard Madoff's family were enriched by millions from his firm, which also paid their country club memberships and salaries of boat captains, housekeepers and others who did not work for the company, according to new court documents.

Bernard Madoff's market-making business was sold at an auction on Monday to Castor Pollux Securities LLC for up to $25.5 million, a fraction of what it was worth previously, as part of an increasingly contentious global effort to recover money for the swindler's defrauded customers.

Massachusetts’ top securities regulator has charged a Connecticut investment firm with fraudulently misrepresenting its lack of knowledge about Bernard Madoff’s operations.

A federal appeals court ruled that Madoff, who faces up to 150 years in prison, must remain in jail until his sentencing.

Bernard Madoff's longtime accountant was arrested on fraud charges Wednesday, accused of aiding the man who has admitted cheating thousands of investors out of billions of dollars in the past two decades.