Ponzi Scheme

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)

Ex-Bernard Madoff Employee Testifies He Didn’t Know About Ponzi Scheme

Daniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.

02/18/2014

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)

Report: Madoff Battling Cancer, Recovering From Heart Attack

Madoff was sentenced to 150 years in prison after pleading guilty in 2009 for bilking investors of $65 billion. He ran his operation out of an office in the Lipstick Building in Midtown Manhattan.

01/22/2014

Naval Academy Grad Accused Of Running $1.2 Million Ponzi Scheme

A Naval Academy graduate ripped off his friends, family and former classmates by running a $1.2 million Ponzi scheme, prosecutors said Tuesday.

01/21/2014

U.S. Attorney Preet Bharara announces criminal charges against JPMorgan Chase over Bernard Madoff's Ponzi scheme, Jan. 7, 2014. (credit: Marla Diamond/WCBS 880)

JPMorgan To Pay Largest Ever Settlement Over Madoff’s Ponzi Scheme

The bank will pay $1.7 billion to settle criminal charges and a $350 million civil penalty for what the Treasury Department called “critical and widespread deficiencies” in its programs to prevent money laundering and other suspicious activity.

01/07/2014

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Witness: Madoff Discouraged Employees From Furthering Education

Bernard Madoff placed no premium on further education for the employees he hired right out of high school — the less they knew, the better — the Ponzi schemer’s longtime lieutenant testified Monday.

12/16/2013

Bernie Madoff

Bernard Madoff’s Right-Hand Man: I Lied On A Daily Basis

The cross-examination of the government’s star witness in the trial of five of Bernard Madoff’s former empoyees has given the jury new insight into the way disgrace financier ran his massive Ponzi scheme.

12/12/2013

Bernard Madoff

Former Madoff Deputy Testifies On 5th Anniversary Of Ponzi Schemer’s Arrest

New York financier Bernard Madoff’s former right-hand man summed up his boss’ arrest exactly five years ago with two words: “Madoff Implodes.”

12/11/2013

Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009 in New York City. (Photo by Stephen Chernin/Getty Images)

Bernard Madoff Deputy Recalls Day Madoff Admitted Scam Had Collapsed

The former right-hand man of disgraced financier Bernard Madoff told a New York City jury Tuesday that a crying Madoff revealed to him that his financial empire was a gigantic fraud just before the rest of the world learned the truth nearly five years ago.

12/10/2013

A soccer club official from Long Island has been accused of running a multi-million dollar Ponzi Scheme. (Credit: CBS 2)

L.I. Man Accused Of Running Multi-Million Dollar Ponzi Scheme

A Long Island soccer club official has been accused of running a $5-million Ponzi scheme.

12/10/2013

Bernard Madoff

Longtime Deputy: Auditors Would Send Bernard Madoff Into A Panic

Frank DiPascali testified that his boss would “razzle dazzle” auditors by using computer programs specially designed to make it appear that fake investments were real.

12/09/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Former Madoff Deputy Continues Testimony In Fraud Trial

Frank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors’ money and tried to keep investigators away.

12/04/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Madoff’s Right-Hand Man Testifies Against 5 Former Co-Workers On Trial

Bernard Madoff’s former right-hand man is about to take center stage at the trial of five former co-workers. Prosecutors plan to call Frank DiPascali to the witness stand this week in federal court in Manhattan.

12/02/2013

Bernard Madoff

Madoff Controller Testifies About Meeting Of Inner Circle

Enrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.

11/19/2013

Bernie Madoff

Witness: Madoff Wrote Out $175 Million In Checks For Employees, Family After Bust

The trial against five of Bernard Madoff’s former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff’s arrest.

10/23/2013

Bernie Madoff

FBI Agent Testifies In Fraud Trial Of 5 Former Madoff Employees

FBI Agent Theodore Cacioppi said he interviewed Bernard Madoff for about an hour before arresting him. The office was then placed under surveillance so evidence could be removed.

10/21/2013

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