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Bernard Madoff

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  • 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.

  • WASHINGTON, May 7- Americans convicted of fraud and other white-collar crimes gained a new defender on Wednesday as an advocacy group that has long fought strict drug sentences launched a campaign pushing for lighter punishment for financial crimes.

  • NEW YORK, May 6- Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis.

  • Nearly $6B returned to Madoff's victims so far Monday, 5 May 2014 | 12:16 PM ET
    Bernard Madoff, founder of Bernard L. Madoff Investment Securities LLC, leaves federal court in New York, U.S., on Tuesday, March 10, 2009.

    Irving Picard, the trustee liquidating Bernard Madoff's firm, said that the fourth payout will go to Madoff's victims of the Ponzi scheme.

  • NEW YORK, May 5- The trustee liquidating Bernard Madoff's firm on Monday began distributing another $351.6 million to the swindler's former customers, boosting the amount recouped to nearly $6 billion.

  • NEW YORK/ ST LOUIS, May 2- The U.S. Treasury Department has frozen all recruitment by its anti-money laundering arm and forced the agency to rescind 11 job offers, after an investigation found it violated the federal employment code during an aggressive hiring push, according to several government officials.

  • Ex-Madoff aides ask judge to toss convictions Wednesday, 16 Apr 2014 | 1:59 PM ET
    Daniel Bonventre, age 67, who served as Director of Operations for Madoff Investment Securities, leaves federal court after being found guilty of charges of aiding, assisting and profiting from the Ponzi scheme run by Bernard Madoff on March 24, 2014 in New York City.

    Five former Bernard Madoff aides have asked a US judge to throw out their convictions, after a jury found them guilty of fraud and conspiracy.

  • Former Madoff aides seek to have convictions tossed Wednesday, 16 Apr 2014 | 12:54 PM ET

    NEW YORK, April 16- Five former Bernard Madoff aides have asked a federal judge to throw out their convictions, three weeks after a jury found them guilty of fraud and conspiracy for helping Madoff conceal his multibillion-dollar Ponzi scheme.

  • Private equity, hedge funds come under SEC scrutiny Monday, 7 Apr 2014 | 7:16 AM ET

    The SEC has put together a group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated.

  • The SEC regularly examines a wide range of financial institutions including brokerages and clearing houses to ensure compliance with federal securities laws. The SEC already has examiners who specialize in funds, but historically the agency has focused on public asset managers such as mutual funds that have been highly regulated since 1940..

  • Five former Madoff lieutenants convicted     Monday, 24 Mar 2014 | 3:09 PM ET

    CNBC's Scott Cohn reports 5 former Madoff employees have been convicted of conspiring to falsify records and defraud clients.

  • CNBC's Scott Cohn reports 5 former Madoff employees have been found guilty of criminal conspiracy.

  • Madoff Property Auction Monday, 24 Mar 2014 | 2:44 PM ET
    From an elegant diamond ring to a 1960 Hofstra class ring. A rare Rolex "Monoblocco" watch to a personalized New York Mets jacket. Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds earlier this year, will be auctioned this weekend.Proceeds from the sale will be set aside for victims of Madoff's Ponzi scheme, which unraveled nearly one year ago. Some 200 items up for bid include more than 40 watches, along with numerous bracelets, earrings, cufflin

    Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds and auctioned off to benefit victims in 2009.

  • Madoff's biggest problem in prison? Boredom     Thursday, 20 Mar 2014 | 6:24 AM ET

    In a wide-ranging interview, convicted fraudster Bernie Madoff talks with MJ Lee, Politico finance reporter, about what life is like in prison. He seems to be doing fine, says Lee.

  • Jamie Dimon—the most influential on Wall Street? Thursday, 20 Feb 2014 | 12:59 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    Are big bank leaders like Jamie Dimon the most influential on Wall Street—or activist investors like Carl Icahn?

  • Stanford Scandal: 5 years later     Friday, 14 Feb 2014 | 10:38 AM ET

    Convicted of defrauding investors, Allen Stanford is serving 110 years in a high-security prison about 40 miles from Orlando, Fla. CNBC's Scott Cohn reports.

  • Fined billions, JPMorgan gives Dimon sizable raise Friday, 24 Jan 2014 | 6:53 AM ET
    JPMorgan Chase CEO Jamie Dimon

    JPMorgan Chase’s board voted to give Jamie Dimon a new pay package worth about $20 million after his pay was cut in half last year, to $11.5 million.

  • Madoff back in prison after heart attack     Wednesday, 22 Jan 2014 | 3:11 PM ET

    CNBC's Scott Cohn reports Bernie Madoff had a mild heart attack last month and is now back at his medium security prison in Butner, North Carolina.