Ponzi Scheme

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

Peter Madoff, brother of the infamous financial criminal Bernard Madoff, is driven out of Jacob K. Javits Federal Building after being taken in to custody by the FBI on June 29, 2012 in New York City. (Photo by Andrew Burton/Getty Images)

Peter Madoff Pleads Guilty, Faces 10 Years In Prison

Peter Madoff, the younger brother of convicted Ponzi schemer Bernie Madoff, pleaded guilty Friday to charges he doctored documents that helped conceal a fraud that wiped out thousands of investors.

06/29/2012

Bernard Madoff (credit:  Chris Hondros/Getty Images); Peter Madoff (inset credit: CBS 2)

Prosecutors Say Madoff’s Brother Will Plead Guilty For Role In Ponzi Scheme

Peter Madoff, the former chief compliance officer at the private investment arm of Bernard Madoff’s business, has agreed to serve a decade in prison, they said.

06/27/2012

Bernard Madoff - File / Photo: Chris Hondros/Getty Images

Madoff Victims’ Checks Could Be In Mail This Summer

If you were a victim of Bernard Madoff’s massive Ponzi scheme, there is some you might want to hear.

06/26/2012

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

Settlement: Madoff Merkin Clients To Get $400 Million Back

It will finally be payback for clients of Ezra Merkin, a high-powered money manager who invested in Madoff’s multi-million dollar Ponzi scheme.

06/25/2012

Robert Van Zandt (credit: Handout)

Bronx Man Accused Of Running $35 Million Ponzi Scheme

Hundreds of Bronx residents say they’re the victims of a multi-million dollar Ponzi scheme run by the man they trusted to prepare their taxes.

06/05/2012

FILE - Nicholas Cosmo (right) (credit: CBS 2)

Victim’s Of Long Island Ponzi Scheme Not Out Of The Woods Yet

Victims of a Long Island ponzi-schemer said that they have already paid enough, some of them were bilked out of hundreds of thousands of dollars by Nick Cosmo. Now Cosmo’s victims could be on the hook for even more money.

05/30/2012

FILE - Nicholas Cosmo (right) (credit: CBS 2)

Accused Associates Of Nicholas Cosmo, Long Island’s ‘Mini-Madoff,’ Arrested

Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested early Wednesday on charges that they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal prosecutors said.

04/25/2012

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

Former Net George Indicted In ‘Ponzi Scheme’

Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar ‘Ponzi Scheme.’

WFAN–03/23/2012

Bud Selig (credit: Elsa/Getty Images), Fred Wilpon (credit: Marc Serota/Getty Images)

Mets Repay Loans To MLB And Bank Of America

The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team’s finances says.

03/20/2012

Owner Fred Wilpon (L) and his son Jeff Wilpon (Photo by Marc Serota/Getty Images)

Coutinho: Closure Is Terrific News For Mets Fans

The Bernie Madoff saga has come to a conclusion — at least for Mets fans. This story was a long and boring chore to cover, and I am just glad that we can now talk about what I love: baseball.

03/19/2012

Mets fan, Citi Field

Mets Ownership Back In Court On Monday, $303 Million On The Line

The New York Mets owners are stepping to the plate to try to convince a jury that they didn’t know financier Bernard Madoff was operating a Ponzi scheme.

03/18/2012

Owner Fred Wilpon (L) and his son, Jeff Wilpon, of the Mets (credit: Marc Serota/Getty Images)

Kallas: No Surprise In Mets’ Court Decision

Judge Jed Rakoff, as promised, today filed a four-page order summarizing his holdings on motions by both Irving Picard (the Trustee) and the Katz/Wilpon defendants in the once-upon-a-time $1 billion dollar lawsuit in federal court in lower Manhattan.

03/05/2012

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