Prosecution Delivers Closing Arguments In Trial Of Bernard Madoff's Ex-Employeesprosecutor 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.
Deadline Extended For Madoff Victim Relief FundThe 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.
Ex-Bernard Madoff Employee Testifies He Didn't Know About Ponzi SchemeDaniel Bonventre has pleaded not guilty to fraud charges. Authorities say he cooked the books to throw off regulators.
Report: Madoff Battling Cancer, Recovering From Heart AttackMadoff 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.
JPMorgan To Pay Largest Ever Settlement Over Madoff's Ponzi SchemeThe 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.
Witness: Madoff Discouraged Employees From Furthering EducationBernard 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.
Bernard Madoff's Right-Hand Man: I Lied On A Daily BasisThe 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.
Former Madoff Deputy Testifies On 5th Anniversary Of Ponzi Schemer's ArrestNew York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes.''
Bernard Madoff Deputy Recalls Day Madoff Admitted Scam Had CollapsedThe 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.
Longtime Deputy: Auditors Would Send Bernard Madoff Into A PanicFrank DiPascali testified that his boss would "razzle dazzle" auditors by using computer programs specially designed to make it appear that fake investments were real.
Former Madoff Deputy Continues Testimony In Fraud TrialFrank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors' money and tried to keep investigators away.
Madoff's Right-Hand Man Testifies Against 5 Former Co-Workers On TrialBernard 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.
Madoff Controller Testifies About Meeting Of Inner CircleEnrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.
Indirect Investors May Get Cut Of Reclaimed Madoff FundManhattan U.S. Attorney Preet Bharara said Monday that more than 10,000 people whose indirect investments with Bernard Madoff prevented them from eligibility for billions of dollars will get to make claims against a $2.35 billion fund.
Witness: Madoff Wrote Out $175 Million In Checks For Employees, Family After BustThe trial against five of Bernard Madoff's former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff's arrest.