Bernard Madoff, Ponzi Scheme | featured news

A former director of operations for imprisoned Ponzi schemer Bernard Madoff's investment firm has been arrested, the FBI said on Thursday.

The F.B.I. arrested two computer programmers who worked for Bernard L. Madoff’s investment firm, prosecutors said on Friday.

David G. Friehling pleaded guilty to nine criminal charges carrying a potential prison term of 114 years.

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.

Bernard Madoff's investment firm had a "diversion-filled office environment" featuring a culture of "sexual deviance" and drug use, says a lawsuit filed Tuesday against companies that dealt with the Ponzi-scheme mastermind.

Epic swindler Bernard Madoff's two sons, his brother and a niece will be sued this week for $198 million, the trustee winding down the Madoff firm told CBS News' "60 Minutes" broadcast on Sunday.

Bernard Madoff, convicted of swindling $65 billion through the biggest-ever Ponzi scheme, has told fellow prison inmates that he is dying of cancer, the New York Post reported on Monday, citing unnamed prison sources.

Prosecutors expect to charge Frank DiPascali Jr., a former Madoff lieutenant, with multiple counts of fraud and other criminal charges.

The Internal Revenue Service has begun sending refund checks to investors who paid taxes on money they thought they had made before the multibillion-dollar fraud was revealed.

Three leading publishers have moved up the release dates of their books on how Bernard Madoff accomplished his massive financial fraud.