Ponzi Scheme

Tate George (credit: Tim DeFrisco/Allsport/Getty Images)

Former Nets Player Tate George Guilty Of Running Ponzi Scheme

Best known for his buzzer-beating shot against Clemson in the 1990 NCAA Tournament, Tate was found guilty on four counts of federal wire fraud.

09/30/2013

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

Madoff Accountant Charged With Involvement In Massive Fraud

Paul Konigsberg was charged with conspiracy to falsify records, conspiracy to commit fraud, falsifying records of a broker-dealer, falsifying record of an investment adviser and falsifying statements.

09/26/2013

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

Report: Prosecutors Want Evidence Of Romantic Relationships Excluded From Ponzi Trial

The government says that over the course of Madoff’s multi-decade, multibillion-dollar fraud, a number of his employees and customers were dating or having affairs.

08/09/2013

Gavel (credit: CBS 2)

Officials: Two NY Men Charged In $96 Million Ponzi Scheme

If convicted, Brian Callahan and Adam J. Manson each face a maximum sentence of 20 years in prison on each of the securities fraud, wire fraud and conspiracy to commit wire fraud counts.

08/01/2013

Peter Madoff House

Peter Madoff’s Old Westbury Mansion, Contents Up For Sale

The home that belonged to Bernie Madoff’s brother, Peter, is on the market after being seized by the U.S. Marshals Service.

06/04/2013

Peter Madoff, brother of disgraced financier Bernard Madoff, leaves Manhattan Federal Court on June 29, 2012.  (Photo by Mario Tama/Getty Images)

Peter Madoff’s Long Island Mansion For Sale For $4.5 Million

The 1935 mansion has five bedrooms, five bathrooms, a tennis court, swimming pool and pool house.

05/28/2013

A wedding at the Waterview Club in Bayville (file / credit: Waterview Club)

Nassau D.A. Investigating Closure Of Bayville Catering Hall

The Nassau County District Attorney’s office is now reviewing the accusations against a Long Island caterer after a waterfront venue was shut down without notice.

04/24/2013

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

Court Rejects Lawsuit Filed By Madoff Victims Against SEC

The appeals court said the Securities and Exchange Commission’s actions and “regrettable inaction” are shielded by rules protecting government employees from lawsuits when they carry out a discretionary function or duty.

04/10/2013

(file / credit: clipart.com)

Attorney: Accused L.I. Ponzi Schemer Out On Bail

Gershon Barkany was arrested by FBI agents on March 28. He’s accused of spending the investors’ money for his personal benefit.

04/09/2013

(credit: CBS 2)

Madoff’s Prison-Bound Brother Appears At Granddaughter’s Bat Mitzvah

The prison-bound brother of convicted Ponzi scheme operator Bernie Madoff attended his granddaughter’s bat mitzvah in a space described as “posh” this weekend, after a judge delayed his lockup date for the occasion.

01/20/2013

Peter Madoff (credit: CBS 2)

Report: Madoff’s Brother Sells Park Avenue Home Ahead Of Prison Term

One month before beginning his 10-year presence sentence, Peter Madoff – the brother of convicted Ponzi scheme operator Bernie Madoff – has sold his posh Park Avenue home, according to a published report.

01/05/2013

Peter Madoff (credit: CBS 2)

Bernard Madoff’s Brother, Peter, Sentenced To 10 Years In Prison

Peter Madoff maintained that he never knew his brother was orchestrating the largest Ponzi scheme in history, but victims speaking out in court Thursday – and even the judge herself — don’t believe him.

12/20/2012

Manhattan District Attorney Cyrus R. Vance, Jr. (file/credit: STAN HONDA/AFP/Getty Images)

Queens Man Sentenced For Running $31 Million Ponzi Scheme

The Ponzi scheme was run through Maywood Captial, a real estate investment company. The firm was previously based in Paramus, N.J. before moving to Manhattan.

11/21/2012

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

Prosecutors: Ponzi Scheme Lasted Twice As Long As Madoff Let On

An enhanced indictment now indicates the largest-ever Ponzi scheme actually went on for nearly four decades, starting in the early 1970s.

10/02/2012

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

Trustee: $2.5 Billion In Checks Mailed Out To Madoff Ponzi Scheme Victims

The decades-long fraud cost investors about $17.3 billion, Picard estimated. Since becoming the trustee for victims swindled in the scheme, Picard said he has recovered more than $9 billion.

09/20/2012

more

previous