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Ponzi Scheme

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

Gavel

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

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)

Closing Arguments Wrap Up In Fraud Trial Of Ex-Madoff Employees; Deliberations To Begin Monday

The jury has the monumental task of sorting through five months of testimony to determine whether the ex-Madoff employees knew that their jobs involved perpetuating a massive Ponzi scheme.

03/14/2014

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)

Fate Of 5 Ex-Madoff Employees To Soon Be In Jury’s Hands

The prosecution wraps up closing statements in the trial against five former aides to Ponzi schemer Bernard Madoff. Madoff’s former secretary, his former head of operations, an account manager and two computer programmers are on trial.

03/13/2014

Daniel Bonventre, George Perez and JoAnn Crupi are three of the five former employees of Bernard Madoff on trial for allegedly helping the disgraced financier run his massive Ponzi scheme. (credit: Getty Images)

Prosecution Delivers Closing Arguments In Trial Of Bernard Madoff’s Ex-Employees

prosecutor John Zach told jurors Tuesday that Madoff depended on his former secretary, his former head of operations, an account manager and two computer programmers to keep his fraud alive for four decades.

03/04/2014

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

Bernie Madoff’s Secretary Takes The Stand As Feds Try To Extend Prosecution

Convicted swindler Bernie Madoff’s secretary took the stand nearly five years after her former boss went to prison.

02/24/2014

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)

Deadline Extended For Madoff Victim Relief Fund

The fund will distribute assets forfeited in the Madoff case. It’s separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients.

02/21/2014

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)

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

Gavel

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

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