Add Yahoo as a preferred source to see more of our stories on Google. Bernard L. Madoff leaves US Federal Court after a hearing regarding his bail on Jan. 14, 2009 in New York. The U.S. Justice ...

Former financier Bernard Madoff (C) leaves federal court following a hearing in New York, N.Y., in 2009. On Monday, the Justice Department reported that the fund designed to aid victims of the ...

The last disbursement, of more than $131 million, is being sent to more than 23,000 victims worldwide. When it is completed, more than $4.3 billion will have been distributed by the fund to more than ...

WASHINGTON, D.C. -- The victims of former hedge fund manager Bernie Madoff – the man convicted of perpetrating the largest Ponzi scheme in history – will receive a third disbursement of nearly $700 ...

Started his firm with $5,000 he saved from working as a lifeguard. Madoff served as NASDAQ’s chairman in 1990, 1991 and 1993. Had many high-profile victims, including director Steven Spielberg, actors ...

The Madoff investment scandal continues to ripple throughout the world of philanthropy — and board members could be held liable for failing to do due diligence, reports The Chronicle of Philanthropy.

Jack Siegel, writing at Charity Governance, has reviewed the 163-page list of clients of Bernard L. Madoff released by the U.S. Bankruptcy Court and compiled his own list of what appear to be the ...

Bernard Madoff's victims are getting an early holiday treat as the trustee unwinding his fraud begins sending out a total of $1.2 billion in recovered funds, with checks averaging $1.1 million each.

Trustees appointed to liquidate the business of imprisoned swindler Bernard Madoff have sued Madoff's wife, Ruth, for $45 million in alleged "fraudulent transfers" made during the past six years. The ...

HSBC Holdings is booking a provision of $1.1 billion for a lawsuit in Luxembourg related to Bernard Madoff’s multibillion-dollar Ponzi scheme, one of the largest financial frauds in American history.

One of Bernard Madoff’s longest-serving employees is expected to plead guilty to criminal charges in the multibillion-dollar Ponzi scheme, U.S. prosecutors said, the latest among a dozen former ...