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Bernard Madoff

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  • New Madoff allegations     Tuesday, 15 Jul 2014 | 2:20 PM ET

    CNBC's Scott Cohn reports on new allegations regarding what Bernard Madoff's two sons knew.

  • NEW YORK, July 8- U.S. prosecutors may still be building a case against imprisoned swindler Bernard Madoff's only surviving son, who according to sources was one of the "co-conspirators" mentioned in a plea deal by a Madoff associate last month. Mark Madoff committed suicide in December 2010 at the age of 46 on the second anniversary of Bernard Madoff's arrest.

  • UPDATE 1-Madoff trustee dealt fresh legal setback Monday, 7 Jul 2014 | 12:45 PM ET

    NEW YORK, July 7- A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States.

  • Madoff trustee is dealt fresh legal setback Monday, 7 Jul 2014 | 9:41 AM ET

    NEW YORK, July 7- A Manhattan federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums that may have been fraudulently transferred outside the United States.

  • Supreme Court denies four cases Monday, 30 Jun 2014 | 12:05 PM ET
    Irving Picard, Securities Investor Protection Act Trustee, speaks regarding the Bernard Madoff Ponzi scheme, December 17, 2010 in New York City.

    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.

  • June 30- Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them.

  • June 30- Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them.

  • NEW YORK, June 26- A top official in the U.S. Attorney's Office in Manhattan who oversaw a number of high-profile insider trading cases is joining law firm Paul, Weiss, Rifkind, Wharton& Garrison, the New York firm said on Thursday.

  • NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, 78, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • Ex-Madoff accountant pleads guilty to aiding fraud Tuesday, 24 Jun 2014 | 12:00 PM ET

    NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • UPDATE 1-Ex-Madoff accountant expected to plead guilty Tuesday, 17 Jun 2014 | 3:43 PM ET

    NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing. District Judge Laura Taylor Swain in Manhattan.

  • NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges that he helped the convicted swindler run his massive Ponzi scheme, a U.S. prosecutor said on Tuesday at a court hearing.

  • June 12- Wall Street's industry-funded watchdog is optimistic that its plan to let securities arbitrators immediately report frauds they learn about in the middle of a case will finally take effect.

  • WASHINGTON/ NEW YORK, June 6- U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.

  • In April, the New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • In April, The New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • 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.

  • NEW YORK, May 13- A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher than expected, the official in charge of the fund said on Tuesday.

  • Investors seek over $40 bln from Madoff victim fund Tuesday, 13 May 2014 | 2:19 PM ET

    NEW YORK, May 13- The overseer of a U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme on Tuesday said he has received roughly 51,700 claims seeking to recoup more than $40 billion, both totals far higher than expected.

  • NEW YORK, May 7- Samuel Israel, a hedge fund manager who faked his own suicide to avoid prison after admitting to running a $450 million fraud, is trying to shorten his 22- year sentence or be set free, saying his health has worsened and authorities can't take care of him.