Madoff fraud hits investors worldwide
Bernard Madoff, a prominent money manager and former chairman of the Nasdaq Stock Market, has confessed to losing $50 billion of his investors' funds in a Ponzi scheme
Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family.
Robert Lappin, a Salem businessman and philanthropist who lost millions of dollars that he entrusted to convicted swindler Bernard Madoff, said yesterday that he intends to fight a lawsuit seeking $1.8 million from one of his funds.
At least 1,000 civil lawsuits will now go forward to try to recover more than $50 billion for victims of the global Ponzi scheme orchestrated by Bernard Madoff.
Mark Madoff, 46, hanged himself by a dog leash in his Manhattan apartment on the second anniversary of his fathers arrest in a multibillion-dollar Ponzi scheme.
Boston philanthropist Carl Shapiro and his family have agreed to return $625 million they received from convicted con man Bernard Madoff.
Regulators settled charges with Boston broker Robert Jaffe and Cohmad Securities Corp. alleging that they were reckless and failed to protect investors.
Irving Picard, the trustee overseeing the bankruptcy of Bernard Madoff’s investment firm, spent $26.9 million in the six months ended Sept. 30 while recovering $849,000 for victims of Madoff’s Ponzi scheme.
Bernard Madoff whistle-blower Harry Markopolos yesterday said the SEC was taking steps to become more effective in the wake of the massive fraud.
As if things weren't tough enough for Bernie Madoff's victims: Scam artists have created a faux website mimicking that of the agency handling claims for the swindler's investors.
The Carl & Ruth Shapiro Family Foundation, which lost $145 million in the collapse of Madoff's scheme, is helping help former grant recipients, such as a Boston teen dance group, find new funders.
The Boston philanthropist who allegedly reaped $1 billion in profits from Bernard Madoff's Ponzi scheme is a step closer to having to return a portion of that money.
Harry Markopolos, who repeatedly warned the Securities and Exchange Commission about Bernard Madoff’s Ponzi scheme, says he and his investigative team have uncovered a raft of new multibillion-dollar frauds.
Daniel Bonventre, the former operations director for Bernard Madoff Investment Securities, faces conspiracy, securities fraud and tax charges.
Three investors who lost money in the Ponzi scheme filed a fraud lawsuit against the president and directors of the Securities Investor Protection Corp. to try to boost the amount of reimbursements to victims.
A federal judge in New York dismissed securities fraud charges the SEC had brought against broker Robert Jaffe in the Bernard Madoff affair.
A year since the world learned that Bernard Madoff pulled off one of the biggest cons of all time, some are expressing their outrage publicly for the first time - in court.
The trustee in the Madoff case is accusing Boston philanthropist Carl Shapiro and his family foundation of reaping $1 billion in fictitious profits.
Irving Picard, the liquidator for Bernard Madoff's investment advisory business, asked a judge to approve $22.1 million in fees for him and his team with the law firm Baker & Hostetler LLP for five months of work.
David Friehling pleaded guilty to securities fraud and other charges in District Court in Manhattan in a deal that could leave him behind bars for years.
More than $534 million has been paid to 1,368 victims of Bernard Madoff through the national fund that insures against failed brokerage firms, a trustee said.
A trustee recovering Madoff's assets for jilted investors has labeled a Florida philanthropist as the biggest beneficiary of the multibillion-dollar fraud and demanded that he return more than $7 billion in bogus profits.
The United States may hire Irving Picard, the trustee for Bernard L. Madoff Investment Securities, to help distribute assets to Madoff’s investors, according to a court filing.
Days after being sentenced for running the largest Ponzi scheme in US history, Bernard Madoff's properties were seized by US marshals. Take a look at what will be sold.
Sothebys International Realty in New York was selected by the US Marshals Service as brokers for the sale of Bernard Madoffs New York City penthouse apartment, according to people familiar with the decision.
Secretary of State William F. Galvin's office has reached a settlement agreement of $8 million with Bernard Madoff feeder fund Fairfield Greenwich Advisors.
A number of Sufis, including Saphira Linden, entrusted their money to a California lawyer, who in turn placed their money with Bernard Madoff.
Massachusetts' top securities regulator said that he identified three more victims who lost millions of dollars in Bernard Madoff's Ponzi scheme.
Secretary of State William F. Galvin has rejected an offer by Fairfield Greenwich Advisors to settle fraud charges he filed against the investment firm for allegedly failing to protect clients from swindler Bernard L. Madoff.
After months of secretly working with the FBI, Bernard Madoffs right-hand man pleaded guilty to conspiracy and other charges, contradicting claims by the disgraced financier that he acted alone.
The family foundation of Carl Shapiro, one of Bernard Madoff’s longtime friends and investment clients, has amended its taxes to reflect more than $140 million in losses to the convicted swindler.
Massachusetts Secretary of State William F. Galvin contends that Fairfield Greenwich Group should have seen the signs that Madoff was hiding something.
The trustee overseeing the liquidation of Bernard Madoff's assets sued the swindler's wife, asking for nearly $45 million that he says was spent on "a life of splendor."
The trustee liquidating Bernard Madoff’s business told a judge he is in settlement talks with three Fairfield Greenwich Group hedge funds accused of taking $3.54 billion in fake profit from the conman’s fraud.
Philanthropist Ronald I. Lappin is using $5 million of his own money to restore the retirement savings of his employees who lost their nest eggs to admitted swindler Bernard L. Madoff.
Eleven days ago, while Bernard Madoff was in a Manhattan jail cell awaiting his sentence, his old friend Carl Shapiro was enjoying a family dinner in Boston.
Federal marshals seized disgraced financier Bernard Madoffs $7 million Manhattan penthouse yesterday and forced his wife to move out and leave her possessions behind, including a fur coat she asked to take with her.
Despite claims of contrition, Bernard L. Madoff was sentenced to 150 years in prison for what a federal judge called an act of “extraordinary evil.’’