A U.S. court ruled that victims of Allen Stanford's Ponzi scheme are not eligible under federal law to file claims seeking compensation.» Read More
Attorney Ira Sorkin confirms a report in Newsday that Ruth Madoff is getting her own counsel.
Bernard Madoff and $50 billion. His name and that number have become inseparable in describing the enormity of what has been called the largest white-collar fraud in history.
A court document suggests a former associate of Ponzi scheme king Bernard Madoff may not have known all the money was lost before Madoff confessed to authorities.
In the last two weeks the Securities Investor Protection Corporation or SIPC, has received 1,150 new claims from clients of Bernard Madoff.
Accused swindler Bernard Madoff will be attending court hearings set for Wednesday over a potential conflict of interest regarding his attorney Ira Sorkin, CNBC has learned.
Financier Bernard Madoff said his wife should be allowed to keep nearly $70 million worth of assets held in her name, including the Manhattan penthouse where he is currently under house arrest, because they are unrelated to his alleged fraud, the Wall Street Journal reported.
Jordan Belfort ran the investment firm Stratton Oakmont. In his book he takes his readers on a real life journey into “jerk world” where real life jerks gloat over those poor schmucks they lied to and those they robbed.
I reported, you voted, and the overwhelming winner of last week's "Call of Shame" is the SEC. You also emailed.
Dallas Mavericks owner Mark Cuban was celebrating last night as "Man on Wire" won an Oscar last night. Cuban's Magnolia Home Entertainment will release the documentary on DVD. But we're loving what Cuban has done on his blog.
Langone says he has faith the Obama team will turn things around, he's not crazy about the way the administration has gone about things so far.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.
Today we introduce a weekly segment, "The Call of Shame", for CNBC's "The Call". It will highlight the lowlights and lowlifes in business and finance. This week's nominees are.......
Stopping what it called a “massive ongoing fraud,” the Securities and Exchange Commission on Tuesday accused Robert Allen Stanford, the chief of the Stanford Financial Group, of fraud in the sale of about $8 billion of high-yielding certificates of deposit held in the firm’s bank in Antigua, the New York Times reports.
Banco Santander quietly raised a compensation deal for clients that lost money in the alleged Ponzi scheme run by Bernard Madoff, The Wall Street Journal reported Monday.
The company’s undergone tremendous changes since Tom Joyce took over – all for the better. Check out Cramer's interview with the CEO.
Alleged ponzi-schemer Bernard Madoff's Upper East Side Manhattan penthouse is getting new monitoring equipment in compliance with a court order.
Stocks rallied Friday as traders shrugged off a huge drop in payrolls and banks soared. The Dow gained more than 200 points, or 2.7 percent. The S&P and Nasdaq gained nearly 3 percent each.
Stocks opened higher as traders shrugged off a huge drop in payrolls and banks soared.
Futures pared their gains after a report showed more jobs were lost in January than expected.
Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.