Ponzi Scheme | featured news

Massachusetts' top securities regulator said accused swindler Bernard Madoff's wife took out roughly $15 million from an account days before her husband was arrested.

Accused Wall Street swindler Bernard Madoff has agreed to a permanent freeze on his assets without admitting or denying fraud charges in a civil case against him, a U.S. regulator said on Monday.

Hall of Fame pitcher Sandy Koufax. Broadcaster Larry King. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients of disgraced financial ...

Harry Markopolos, a former financial executive who tried to blow the whistle on Bernard Madoff, told Congress that securities regulators had ignored his repeated pleas for a thorough investigation of the accused swindler's alleged $50 billion fraud.

The FBI says the owner of a Long Island investment firm has turned himself in to face accusations he cheated clients out of more than $100 million.

New York's attorney general issued subpoenas to former GMAC Financial Services Chairman J. Ezra Merkin, three of his funds and 15 nonprofits in his probe of alleged frauds on charities in the Bernard Madoff scandal.

Besieged money manager Bernard Madoff avoided prison again Wednesday, when a judge ruled that he can remain on bail while  the government investigates the case.