Ponzi Scheme

Bernie Madoff dies

Federal Bureau of Prisons announces notorious Ponzi schemer dies of natural causes in federal prison.

Trying to find the positive in everything - even coronavirus

Florida man targeted Orthodox Jews in $3 million Ponzi scheme

Court documents say Shayeh Dov 'almost exclusively' targeted members of Orthodox community, used money on gambling, renting luxury cars.

Madoff victims to receive $500 million

Madoff Victim Fund begins distributing $504 million in funds to victims of Bernard Madoff’s Ponzi scheme.

Full recovery of lost principal in Madoff Ponzi scheme expected

Trustee says he has recovered 73 percent of lost principal so far. Payouts at start of next year to total $584 million.

$770 million being distributed among Madoff victims

US Department of Justice begins distributing $772.5 million in recovered funds to some 24,000 victims of Bernie Madoff’s Ponzi scheme.

Bernard Madoff Insists: I'm Really Not Such a Bad Guy

Bernard Madoff, whose Ponzi scheme swallowed up billions of dollars, feels history may not judge him as harshly as many believe.

LA Man's Ponzi Scheme Targets Persian-Jewish Community

FBI agents arrested a Los Angeles man for running a multimillion-dollar Ponzi scheme that primarily targeted the Persian-Jewish community.

Madoff's Brother Sentenced to 10 Years

Peter Madoff, brother of financier Bernard Madoff, sentenced to 10 years in prison for cooking the books at the family investment firm.

Bernie Madoff's Brother to Plead Guilty of Fraud

The brother of Ponzi fraud king Bernie Madoff has agreed to a plea bargain in which he pleads guilty to conspiracy and falsifying records.