Bernard Madoff, Ponzi Scheme | featured news

Swindler Bernard Madoff's family were enriched by millions from his firm, which also paid their country club memberships and salaries of boat captains, housekeepers and others who did not work for the company, according to new court documents.

Bernard Madoff's market-making business was sold at an auction on Monday to Castor Pollux Securities LLC for up to $25.5 million, a fraction of what it was worth previously, as part of an increasingly contentious global effort to recover money for the swindler's defrauded customers.

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."

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.