Ponzi Scheme | featured news

More than 1,000 people were defrauded out of about $70 million by a group advertising the dream of homeownership in what turned out to be a nightmare Ponzi scheme, federal and Maryland officials said Monday.

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.

Federal prosecutors have notified a New York court that they also want the assets of Bernard Madoff's wife.

The lawyers of disgraced US financier Bernard Madoff contest a judge's decision to revoke his bail and send him to jail.

NEW YORK (Reuters) - Bernard Madoff, who cultivated a worldwide mystique as he churned out amazingly steady returns for his investors year after year, finally admitted it was all a lie, saying he had felt compelled to deliver "at any cost."

A federal judge on Thursday granted a request from the Securities and Exchange Commission for a preliminary injunction to freeze the assets of Texan financier Allen Stanford and three of his companies that are accused of running a massive Ponzi scheme by U.S. regulators.

Bernard Madoff has arrived at the federal courthouse where he is expected plead guilty to 11 felony charges that stem from a ...

Some former customers of financier Bernard Madoff despise him for his fraud, but they are also angry with their government and a financial system they say robbed them of their savings.