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Ponzi Scheme

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

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

Mets Trying To Detach Themselves From Madoff Cloud

The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.

WFAN–01/21/2012

(file photo)

Philly Estate Lawyer Michael Kwasnik Charged In $8.5 Million NJ Ponzi Scheme

New Jersey attorney general Paula Dow called the scheme “an outright theft by people who presented themselves as legitimate investment advisors and as a legitimate attorney.”

11/07/2011

Andrew Madoff (credit: 60 Minutes)

Questions Abound After Andrew Madoff Denies Knowledge Of Dad Bernie’s Swindle

Bernie Madoff’s sole serving son, Andrew, insists that even though he worked in the firm, he had no idea what his father was up to and that his part of the business was on the up and up.

10/31/2011

Bernard Madoff

Bernard Madoff Tells Barbara Walters He Feels Safe, Is Happy In Prison

Bernie Madoff says he has terrible remorse and horrible nightmares over his epic fraud, but feels safer in prison than on the outside.

10/27/2011

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