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Bernard Madoff

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  • Madoff son was under scrutiny until day he died Sunday, 28 Sep 2014 | 12:39 PM ET

    NEW YORK— Bernard Madoff's last surviving son was under investigation for possible involvement in his father's multibillion-dollar Ponzi scheme until the day he died from cancer earlier this month, but scrutiny over his $16 million estate lives on. Both officials told the AP it was likely Andrew Madoff would have faced tax evasion charges if he had not died.

  • NEW YORK, Sept 22- A federal judge rejected Westgate Capital Management LLC founder James Nicholson's request to shorten his 40- year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run by Bernard Madoff.

  • NEW YORK/ WASHINGTON, Sept 5- The U.S. Securities and Exchange Commission will not appeal a recent court decision that thousands of victims of financier Allen Stanford's Ponzi scheme were ineligible under federal law to file claims to recoup their losses, an SEC spokesman said on Friday.

  • NEW YORK, Sept 3- Andrew Madoff, the son of convicted fraudster Bernard Madoff, died on Wednesday from cancer, his lawyer said. "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," lawyer Martin Flumenbaum said in a statement.

  • ANDREW MADOFF, BERNARD MADOFF'S SON, HAS DIED AFTER LONG BATTLE WITH CANCER- SOURCE.

  • Bernie Madoff's son dead at 48     Wednesday, 3 Sep 2014 | 10:51 AM ET
    Andrew Madoff as he appeared on NBC News' "Today" show, October 2011.

    Bernard Madoff's son Andrew has died at age 48 of lymphoma. CNBC's David Faber reports.

  • The trustee Irving Picard contended last month that Andrew and Mark Madoff obstructed a 2005 U.S. Securities and Exchange Commission probe by deleting emails that linked them to fraud at Bernard L. Madoff Investment Securities LLC, and took out sham loans to buy pricey Manhattan apartments.

  • Judge cuts back Madoff trustee lawsuit vs Merkin Wednesday, 13 Aug 2014 | 11:32 AM ET

    NEW YORK, Aug 13- The trustee seeking money for Bernard Madoff's victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 million lawsuit.

  • Madoff trustee can't void client settlements: Court Friday, 8 Aug 2014 | 2:18 PM ET
    Irving Picard, Securities Investor Protection Act Trustee, speaks regarding the Bernard Madoff Ponzi scheme, December 17, 2010 in New York City.

    In a setback for the trustee seeking money for the former customers of Bernard Madoff, an appeals court refused to void two settlements.

  • NEW YORK, Aug 8- In a setback for the trustee seeking money for the former customers of imprisoned fraudster Bernard Madoff, an appeals court refused to void two settlements benefiting investors who sued "feeder funds" that sent their money to Madoff.

  • NEW YORK, Aug 8- In a setback for the trustee seeking money for the former customers of imprisoned fraudster Bernard Madoff, an appeals court refused to void two settlements benefiting investors who sued "feeder funds" that sent their money to Madoff.

  • NEW YORK, Aug 7- Former hedge fund manager Samuel Israel, who faked his own suicide to avoid prison after running a $450 million fraud, on Thursday failed to persuade a judge to shorten his 22- year sentence or set him free because prison officials are unable to treat his worsening health.

  • NEW YORK, July 29- Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it?

  • NEW YORK, July 24- The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

  • NEW YORK, July 24- The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

  • NEW YORK, July 23- A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase& Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

  • Court deals blow to Stanford Ponzi scheme victims Friday, 18 Jul 2014 | 12:09 PM ET
    Indicted financier R. Allen Stanford exits the Bob Casey Federal Courthouse in Houston, Texas.

    A U.S. court ruled that victims of Allen Stanford's Ponzi scheme are not eligible under federal law to file claims seeking compensation.

  • The SEC was seeking to overturn a lower court's decision from 2012, in which a federal judge rejected a request by the agency to force the Securities Investor Protection Corp to start court proceedings for the fraud victims, some of whom lost millions of dollars.

  • The case marks the first time that the SEC, which oversees the SIPC, has ever filed a lawsuit against the nonprofit corporation to try and force it to start a court liquidation proceeding. The SIPC, which was created by Congress, administers an industry-backed fund that is used to compensate investors if their brokerage collapses.

  • In an amended lawsuit against Andrew Madoff and the estate of Mark Madoff, Irving Picard, who is liquidating Bernard L. Madoff Investment Securities LLC, said the brothers' activity reflected their "sense of entitlement" to undeserved riches. Picard seeks to recoup $153.3 million from Andrew Madoff, the estate of Mark Madoff, and Mark's widow, Stephanie Mack.