Ponzi Scheme | featured news

The owners of the New York Mets were accused of reaping $300 million of fictitious profits from Bernard Madoff's record Ponzi scheme, a lawsuit by the trustee seeking money for Madoff's victims said.

Bernard Madoff's former secretary has made bail and will await her New York trial while on house arrest. Annette Bongiorno, of Boca Raton, Fla., is facing trial on charges of conspiracy and securities fraud.

The widow of a businessman who was the single-largest beneficiary of Bernard Madoff's Ponzi fraud agrees to return $7.2bn (£4.5bn). Barbara Picower said Madoff's fraud was "deplorable" and promised to return money accrued over 35 years of investing with 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.

A law enforcement official tells The Associated Press that a son of Bernard Madoff has been found dead in New York City of an apparent suicide.

The trustee seeking to recover money for investors who lost billions of dollars in jailed financier Bernard Madoff's fraud has filed civil charges for some nearly $20 billion.

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.

The trustee seeking to recover money for defrauded Bernard Madoff investors has sued UBS  and others for more than $2 billion, accusing them of collaborating in the Ponzi scheme.

Bernie Madoff's victims, who were collectively swindled out of more than $50 billion, effectively recouped more than $2 million on Saturday in an auction of the investment titan-turned-villain's personal items.

Hall of Fame quarterback John Elway and a business partner invested $15 million with a hedge-fund manager who...