Ponzi Scheme

Bernard Madoff's accountant David Friehling (C) leaves federal court March 18, 2009 in New York City. Friehling was arrested and charged with aiding in securities fraud in connection with the $64 billion ponzi scheme that affected 4,800 investors.  (Photo by Mario Tama/Getty Images) *** Local Caption *** David Friehling

Former Bernie Madoff Accountant Sentenced To Home Detention

A former accountant who certified fake financial records hiding Bernard Madoff’s epic Ponzi scheme was sentenced on Thursday to one year of home confinement.

05/28/2015

FILE -- Former New York Senate Majority Leader Dean Skelos (Credit: Matthew Cavanaugh/Getty Images)

NY Senate Leader Dean Skelos Not Resigning Amid Federal Investigation

Republican Dean Skelos told reporters that he has hired an attorney in response to the investigation but said he had no plans to step down.

04/23/2015

New York State Assembly Speaker Sheldon Silver Arrested On Corruption Charges

Ex-Assembly Speaker Sheldon Silver’s Son-In-Law Charged In $7M Ponzi Scheme

A son-in-law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $7 million in a Ponzi scheme, according to a federal complaint.

04/14/2015

Will Allen #25 of the New York Giants poses to celebrate the play against the Dallas Cowboys on September 15, 2003 at Giants Stadium in East Rutherford, New Jersey. (Photo by Nick Laham/Getty Images)

SEC Files Fraud Charges Against Former Syracuse Star, New York Giant Will Allen

Federal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner.

04/07/2015

Tax preparer Robert Van Zandt, 70, was sentenced to up to 11 years in prison on Monday, Jan. 5, after admitting to a Ponzi scheme. (Credit: Handout)

Bronx Tax Preparer Gets Up To 11 Years For Stealing $4.8 Million In Ponzi Scheme

The victims of tax preparer Robert Van Zandt said they trusted him with their live savings for decades, but he stole millions of dollars and left them broke.

01/05/2015

(Credit: CBS 2)

Ex-L.I. Soccer Official Admits Running Ponzi Scheme

A former president of a suburban youth soccer cub has pleaded guilty to running a $5 million Ponzi scheme.

12/09/2014

Former Bernie Madoff secretary Anette Bongiorno testified that she was unaware of her boss' Ponzi Scheme. (Credit CBS 2)

Bernie Madoff’s Former Secretary Gets 6 Years In Prison

Annette Bongiorno she apologized to victims of the multi-decade, multi-billion dollar fraud and berated herself for failing to see past her boss’s influence and the riches he bestowed on her.

12/09/2014

FILE -- Daniel Bonventre, former director of operations for investments, working under Bernie Madoff, arrives at Federal Court in Manhattan, on Oct. 8, 2013. (credit: Getty Images)

Former Madoff Executive Daniel Bonventre Sentenced To 10 years In Prison

Daniel Bonventre, 67, was sentenced Monday in federal court in New York for his part in the company’s yearslong multibillion-dollar fraud.

12/08/2014

An LED sign outside the D Las Vegas advertises that the hotel and casino now accepts Bitcoin. (credit: Getty Images)

Texas Man Charged In New York In First Bitcoin Ponzi Scheme Case

Federal prosecutors in New York on Thursday announced the first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme involving bitcoins.

11/06/2014

Money (credit: ClipArt)

Syosset Man Pleads Guilty To Running $30M Ponzi Scheme

Eric Aronson told a federal judge in Central Islip Friday he knew what he was doing was wrong.

09/13/2014

Andrew Madoff, Bernard Madoff's son. (credit:

Andrew Madoff, Son Of Disgraced Ponzi Schemer Bernard Madoff, Dies Of Lymphoma

In an interview with “60 Minutes” in 2011, Madoff insisted he had no idea what his father was up to.

09/03/2014

Bernard L. Madoff leaves US Federal Court after a hearing regarding his bail on January 14, 2009 in New York. (credit: TIMOTHY A. CLARY/AFP/Getty Images)

Madoff Accountant Admits To Role In Infamous Ponzi Scheme

A senior partner at a New York accounting firm has now pleaded guilty to his role in the multi-billion dollar Bernard Madoff Ponzi scheme.

06/24/2014

Yeshiva University

Report Finds Losses Of $1 Billion At Yeshiva University

Yeshiva University is reportedly $1 billion in the red, with $500 million in debts and another $500 million in losses with risky investments.

06/20/2014

Investment Fund Manager Admits To $96 Million Ponzi Scheme

An investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors’ money in a Ponzi scheme that helped fund his interest in a Hamptons resort.

04/29/2014

Bernard L. Madoff leaves US Federal Court after a hearing regarding his bail on January 14, 2009 in New York. (credit: TIMOTHY A. CLARY/AFP/Getty Images)

Guilty Verdicts For 5 Former Bernard Madoff Employees

The verdicts came Monday in a Manhattan trial that lasted nearly six months. The federal court trial was the first to result from the multi-decade fraud that landed Madoff in prison for 150 years.

03/24/2014

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