Still, the Supreme Court decision could free up an additional $1.25 billion to be returned to victims of the epic Bernard Madoff Ponzi scheme.
The United Nations' $52 billion pension fund is getting close to investing in hedge funds for the first time.
Bernie Madoff is insisting that the extent of his crimes is not nearly as bad as the media and the court-appointed trustee are making it out to be.
Bernard Madoff is insisting he acted alone in his epic fraud, according to new emails from the convicted Ponzi scammer.
Bernie Madoff has responded to trustee representing fraud victims and defends his dead sons, Mark and Andrew, reports CNBC's Scott Cohn.
The trustee rounding up funds for Madoff victims is seeking court approval to return another $322 million, bringing the total to more than $7 billion.
One pro says the hedge fund industry has put in safeguards to make sure the next crisis is nowhere near as bad as the last.
The court-appointed trustee rounding up funds for victims of the Madoff Ponzi scheme says the total recovered now tops $10 billion.
Bernard Madoff's son was under investigation for involvement in his father's Ponzi scheme until the day he died from cancer earlier this month.
For victims of Bernie Madoff's epic Ponzi scheme, Andrew Madoff's death could add new wrinkles to efforts to recover billions in losses.
CNBC special correspondent Scott Cohn reports on the death of Bernie Madoff's only surviving son, Andrew, and what it means for the ongoing legal battle over his father's Ponzi scheme.
Bernard Madoff's younger son Andrew died on Wednesday morning at age 48 of mantle cell lymphoma.
Bernard Madoff's son Andrew has died at age 48 of lymphoma. CNBC's David Faber reports.
In a setback for the trustee seeking money for the former customers of Bernard Madoff, an appeals court refused to void two settlements.
A U.S. court ruled that victims of Allen Stanford's Ponzi scheme are not eligible under federal law to file claims seeking compensation.
Bernard Madoff's son, Andrew Madoff, responds to new allegations from trustee Irving Picard that he knew of his father's fraud. CNBC's Scott Cohn reports the details.
New allegations say that Bernie Madoff's sons knew much more about their father's Ponzi scheme than they originally claimed.
CNBC's Scott Cohn reports on new allegations regarding what Bernard Madoff's two sons knew.
The Supreme Court ruled Madoff trustee Irving Picard can not sue big banks, and it rejected an appeal of AIG's bailout by former CEO Hank Greenberg.
The Obama administration is supporting big banks saying that the Supreme Court should not hear a case that would allow Madoff trustee, Irving Picard to seek billions in damages, reports CNBC's Scott Cohn.