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Crime Bernard Madoff

  • NEW YORK, Sept 20- The U.S. government expects this year to begin payouts from a $4 billion fund for Bernard Madoff's victims, ending their nearly nine-year wait to begin recouping losses from his Ponzi scheme. In a letter made public on Wednesday, the U.S. Department of Justice said it "recently notified victims whose petitions have been approved and is poised to...

  • Bruce Berkowitz

    Bruce Berkowitz's Fairholme Fund is betting on a comeback with Sears, Fannie Mae and Freddie Mac.

  • NEW YORK, June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and...

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • NEW YORK, June 16- The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff's Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the fund's creation. Their claims were deemed valid in early June by the Department of Justice, whose fund is overseen by...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • NEW YORK, June 1- A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled against several dozen former...

  • Chief Justice John Roberts on Friday appointed a federal judge based in Manhattan to oversee Puerto Rico's landmark bankruptcy case two days after the island's government filed for protection from creditors. Puerto Rico, which has roughly $70 billion in debt, filed for bankruptcy on Wednesday.. Because the U.S. territory is not eligible for traditional...

  • NEW YORK, April 26- JPMorgan Chase& Co is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of Appeals in Manhattan said the customers failed to show that JPMorgan had enough "control" over...

  • Robert De Niro in "The Wizard of Lies."

    "The Wizard of Lies" stars Robert De Niro as Madoff and Michelle Pfeiffer as his wife, Ruth Madoff.

  • An investor who was burned in the Madoff scheme has jumped to his death

    Charles Murphy jumped from the 24th floor of the Sofitel Hotel in what authorities are calling a suicide.

  • Bernard Madoff

    Charles Murphy's Fairfield Greenwich fund had invested $7 billion with Madoff before it became known that Madoff was running a Ponzi scheme.

  • Preet Bharara

    "In politics, your word is critical," Democratic former congresswoman Elizabeth Holtzman says.

  • US Attorney for the Southern District of New York Preet Bharara talks to the press at Trump Tower on another day of meetings with US President-elect Donald Trump on November 30, 2016.

    Bharara is known for his prosecutions of hedge-fund managers and insider trading.

  • Brain scan

    Research shows that the amygdala responds less as we cheat more, which could make us lie more, the Verge reports.

  • Mark Cuban

    The Dallas Mavericks owner said that the New York businessman's reputation has been damaged.