Victims In Long Island Ponzi Scheme Get Some Money BackAs two Long Island financial advisers head to prison, victims who were swindled in a Ponzi scheme are getting some payback.
Bernie Madoff Asks President Trump For Sentence ReductionThe Department of Justice confirmed Madoff filed paperwork asking the president, who has final say on clemency, to commute his term.
Man Sentenced To Nearly 2 Years In Ponzi Scheme Involving Radio Host Craig CartonA tearful Michael Wright of Saddle River, New Jersey, was sentenced by U.S. District Judge Colleen McMahon, who likened his crime to those of multibillion-dollar Ponzi scheme king Bernard Madoff.
Madoff's Former Secretary Seeks Early Prison ReleaseAttorney Roland Riopelle says 70-year-old Annette Bongiorno will have served two thirds of her six-year prison term by March 19 and should be released then.
Craig Carton Convicted On All Counts In Ponzi Scheme TrialProsecutors say Carton misappropriated at least $5.6 million and used it to pay off gambling debts and personal expenses.
Jury Selection Begins In 'Pharma Bro' Martin Shkreli's Fraud TrialFederal prosecutors say Shkreli, who sparked outrage in 2015 when he increased the price of a life-saving drug used by AIDS patients from $13 to $750, cheated investors out of millions in a Ponzi scheme.
2 Men Accused Of Running Ponzi Scheme Banking On 'Hamilton,' Adele ConcertsProsecutors on Friday alleged that two men led wealthy people to believe they were investing in ticket businesses for popular shows like an Adele concert and Broadway's “Hamilton.”
Madoff Ponzi Scheme Victims Might Split $342 Million Repayment Next YearVictims of the Bernard Madoff Ponzi scheme will split a repayment of about $342 million in January under a plan by a court trustee.
Irwin Lipkin, Last Madoff Scheme Defendant, Gets 6 Months In PrisonA judge sentenced the last defendant in the Bernard Madoff Ponzi scheme case on Wednesday to six months in prison.
Madoff Accountant Spared Prison Time After Admitting To Role In Ponzi SchemeA judge spared Paul Konigsberg prison time and agreed not to require post-sentence supervision.
Former Bernie Madoff Accountant Sentenced To Home DetentionA former accountant who certified fake financial records hiding Bernard Madoff's epic Ponzi scheme was sentenced on Thursday to one year of home confinement.