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Bernard Madoff

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  • NEW YORK, Dec 15- A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme. JoAnn Crupi, 53, was the last of five former Madoff employees to be sentenced after a Manhattan federal jury found them guilty in March in the first criminal trial over...

  • JOANN CRUPI, A FORMER MANAGER AT BERNARD MADOFF'S FIRM, IS SENTENCED TO SIX YEARS IN PRISON--COURT HEARING.

  • NEW YORK, Dec 10- A former computer programmer for Bernard Madoff was sentenced to 2-1/ 2 years in prison on Wednesday for helping the imprisoned fraudster carry out his multibillion dollar Ponzi scheme. The sentencing of George Perez, who worked at Madoff's firm from 1991 until its collapse in 2008, came nine months after a Manhattan federal jury found him...

  • NEW YORK, Dec 9- A former manager and a former computer programmer at Bernard Madoff's firm were sentenced to prison on Tuesday for helping the convicted fraudster run a multi-billion dollar Ponzi scheme. The judge also ordered Bongiorno and O'Hara to forfeit a symbolic $155 billion and $19.7 billion, respectively, jointly with other defendants who worked at...

  • Annette Bongiorno, who worked for Madoff from the 1960 s until the firm's collapse in 2008, was the second of five former employees to be sentenced after being convicted in March of securities fraud, conspiracy and other charges in a Manhattan federal court. District Judge Laura Taylor Swain also ordered Bongiorno, 66, to forfeit $155 billion, a symbolic amount...

  • Longtime Madoff aide Bongiorno gets 6 years in prison Tuesday, 9 Dec 2014 | 12:16 PM ET

    Annette Bongiorno, who worked for Madoff since the 1960 s, was the second of five former employees to be sentenced, following their convictions in March by a Manhattan federal jury of securities fraud, conspiracy and other charges.

  • NEW YORK, Dec 8- Bernard Madoff's former back office director was sentenced to 10 years in prison on Monday for helping the convicted fraudster conceal his massive Ponzi scheme for decades. District Judge Laura Taylor Swain also ordered Bonventre to forfeit more than $155 billion, a symbolic sum for which he would and the other defendants who worked at Bernard L....

  • NEW YORK, Dec 8- Bernard Madoff's former back office director was sentenced to 10 years in prison on Monday for helping the convicted fraudster conceal his massive Ponzi scheme for decades.

  • UPDATE 1-Madoff trustee loses appeal on clawbacks Monday, 8 Dec 2014 | 11:17 AM ET

    The 2nd U.S. Circuit Court of Appeals in New York on Monday said federal bankruptcy law did not let the trustee Irving Picard recoup a variety of securities-related payments that Bernard L. Madoff Investment Securities LLC made to customers before it collapsed on Dec. 11, 2008. "Permitting the clawback of millions, if not billions, of dollars from BLMIS clients-...

  • Madoff trustee loses appeal on clawbacks Monday, 8 Dec 2014 | 10:43 AM ET

    NEW YORK, Dec 8- Victims of Bernard Madoff's fraud may recover less money than they had hoped after a federal appeals court limited the ability of the trustee liquidating the swindler's firm to recoup "fictitious profits" and other transfers from customers. The 2nd U.S. Circuit Court of Appeals in New York on Monday said federal bankruptcy law did now allow the...

  • Five ex-Madoff aides face up to 20 years in prison Sunday, 7 Dec 2014 | 1:00 AM ET

    NEW YORK, Dec 7- Five former employees of Bernard Madoff, convicted in March of helping the fund manager bilk investors of billions of dollars in his massive Ponzi scheme, will be sentenced this week, with prosecutors seeking prison terms of up to 20 years. First up on Monday is former back office director Daniel Bonventre, followed in the coming days by portfolio...

  • This time is different? Hedge funds in '08 vs. now Monday, 1 Dec 2014 | 1:24 PM ET
    Don Steinbrugge

    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.

  • Madoff recoveries top $10 billion with new deal Monday, 17 Nov 2014 | 2:03 PM ET
    Bernard Madoff in 2009

    The court-appointed trustee rounding up funds for victims of the Madoff Ponzi scheme says the total recovered now tops $10 billion.

  • Madoff son was under scrutiny until the day he died Monday, 29 Sep 2014 | 7:32 AM ET
    Andrew Madoff in 2011

    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.

  • Madoff son’s death adds complication for victims Wednesday, 3 Sep 2014 | 5:05 PM ET
    Andrew Madoff as he appeared on NBC News' "Today" show, October 2011.

    For victims of Bernie Madoff's epic Ponzi scheme, Andrew Madoff's death could add new wrinkles to efforts to recover billions in losses.

  • What Andrew Madoff's death means for victims   Wednesday, 3 Sep 2014 | 5:00 PM ET
    What Andrew Madoff's death means for victims

    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 son Andrew dies of cancer, age 48 Wednesday, 3 Sep 2014 | 12:49 PM ET
    Andrew Madoff

    Bernard Madoff's younger son Andrew died on Wednesday morning at age 48 of mantle cell lymphoma.

  • 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.

  • 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.

  • 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.