CNBC's Scott Cohn looks back at the Bernie Madoff ponzi scheme and reports on the latest efforts to recoup the lost assets of his victims.» Read More
NEW YORK, Dec 12- JPMorgan Chase& Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, one that would involve $2 billion in penalties and a rare criminal action, according to sources familiar with the matter.
NEW YORK, Dec 11- Exactly five years ago, Frank DiPascali was awakened in his New Jersey home by an early call from his boss, Bernard Madoff. "He said,' Frank, the FBI is in the office with my brother,"' DiPascali said in federal court in New York on Wednesday.
CNBC's Scott Cohn said Bernard Madoff "looked good" in their two-hour interview in January. Madoff said he "takes some comfort" in the fact that with his assistance, "all of my customers will recover their original investment principal."
NEW YORK, Dec 10- During three decades of working for Bernard Madoff, Frank DiPascali said knew his boss was running an illegal scheme.
NEW YORK, Dec 10- Spooked by three audits in less than two years, several of Bernard Madoff's employees grew concerned in 2006 about their fates if his massive Ponzi scheme came to light, a former Madoff aide testified on Tuesday.
NEW YORK, Dec 9- When a pair of U.S. Securities and Exchange Commission examiners visited Bernard Madoff's offices in 2005, the now-imprisoned financier was not too worried- until he sneaked a look into one of their briefcases.
NEW YORK, Dec 9- The trustee seeking money for Bernard Madoff's victims may be unable to pursue some claims against investment firms that fed client funds into the swindler's Ponzi scheme, a Manhattan federal judge said.
NEW YORK, Dec 4- To hear his former aide tell it, even a client's death posed no problem for Bernard Madoff as he perpetrated his massive Ponzi scheme.
WASHINGTON, Dec 4- The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.
NEW YORK, Dec 2- Bernard Madoff's longtime lieutenant testified on Monday that several former colleagues were deeply enmeshed in Madoff's decades-long Ponzi scheme, using everything from fake trades to a refrigerator to hide the truth about the fraud.
CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.
WASHINGTON, Nov 22- A top U.S. securities regulator on Friday questioned the methods used by his agency to subpoena the targets of investigations, saying he feared they lack oversight and delegate too much power to enforcement attorneys.
NEW YORK, Nov 18- Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. It is being held in a Madoff Victim Fund and overseen by special master Richard Breeden, a former U.S.
NEW YORK, Oct 31- A former trader at Bernard Madoff's investment firm described on Thursday how he helped create false trades with two other former employees to prop up Madoff's $17 billion Ponzi scheme.
NEW YORK, Oct 30- A federal judge has made it easier for the trustee seeking money for Bernard Madoff's victims to pursue more than $8 billion of claims against banks and other financial firms that received money from "feeder funds" that profited from the swindler's massive Ponzi scheme.
JPMorgan may face possible criminal prosecution in the Bernard Madoff case. CNBC's Sue Herera and Scott Cohn discuss the potential ramifications.
The Feds are preparing to take action in a criminal investigation of JPMorgan, suspecting the bank turned a blind eye to Bernie Madoff's Ponzi scheme. The NYT reports.
The U.S. Securities and Exchange Commission said that Modern Portfolio Management Inc., Equitas Capital Advisers LLC, and Equitas Partners LLC would each pay financial penalties and hire compliance consultants to resolve the charges.
NEW YORK, Oct 21- Members of Bernard Madoff's inner circle indulged in expensive wine, cruises and jaunts to Las Vegas and St.
NEW YORK, Oct 21- Members of Bernard Madoff's inner circle indulged in expensive wine, cruises and jaunts to Las Vegas, all paid for by his investment firm, prosecutors said on Monday in a trial of five former long-time Madoff associates.