Bernard Madoff's Ponzi Scheme Victims | featured news

HSBC agreed on Tuesday to pay $62.5 million to settle class action claims by investors in a fund that had invested with Bernard L. Madoff.

Mark Madoff was feeling increasingly despondent about his worsening legal situation in the days leading up to his death. But the trustee recovering assets for victims of his father's Ponzi scheme says the suits will continue.

The trustee seeking to recover money for defrauded Bernard Madoff investors said he filed 40 lawsuits on Friday, including several against relatives of the convicted money manager.

Estate tax battle is latest hit for heirs of real estate tycoon Norman F. Levy.

More than $500 million has been returned to the victims of Ponzi schemer Bernard Madoff, according to the trustee in charge of recovering stolen assets.