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Friend of Madoff pays $277m to settle suit

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The estate of one of Bernard Madoff’s oldest friends agreed to pay the con man’s victims $277m to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff’s fraud at the expense of thousands of investors, including his own clients.

$2.5bn Madoff compensation goes unclaimed

Bernie Madoff

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.

Better news for Madoff victims

Bernie Madoff

Bernard Madoff’s victims will have a bit more to spend on holiday gifts this year as the trustee unwinding his fraud begins sending out a total of $1.2bn in recovered funds, with checks averaging $1.1m each.

Investor lessons from alleged $1.5bn Ponzi scheme

Pic Cash

Consumers can learn a valuable lesson from Wednesday's indictment of a Las Vegas executive and two associates for running an alleged $1.5 billion Ponzi scheme that bilked thousands of victims: It's vital to vet your advisors.

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Friend of Madoff pays $277m to settle suit

The estate of one of Bernard Madoff’s oldest friends agreed to pay the con man’s victims $277m to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff’s fraud at the expense of thousands of investors, including his own clients.

Bernie Madoff

$2.5bn Madoff compensation goes unclaimed

Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.