Ponzi

LATEST

Ex-Madoff associate avoids prison

Bernie Madoff

A former associate of Bernard Madoff avoided prison on Thursday for his role in perpetuating the fraudster’s massive Ponzi scheme because of his extensive cooperation with prosecutors.

Madoff's right hand man dies before sentencing

Bernie Madoff

Frank DiPascali, Bernard Madoff’s right hand man for 30 years as Madoff orchestrated the his epic Ponzi scheme, died late last week before he could be sentenced for his role in what was likely the largest financial fraud in history.

Citi unit must face Madoff claims

Bernie Madoff

A Citigroup unit and PricewaterhouseCoopers must face claims they played a part in costing investors more than $1bn in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled.

Ex-Madoff employee sentenced to 10 years in prison

Prison Bars

One of Bernard Madoff’s longest-serving employees was sentenced to 10 years behind bars for helping run a $17.5bn fraud, with the judge giving Daniel Bonventre a break for not being as bad as his former boss. Prosecutors had sought a sentence of more than 20 years.

HOT LIST

FEATURED

Bernie Madoff

Ex-Madoff associate avoids prison

A former associate of Bernard Madoff avoided prison on Thursday for his role in perpetuating the fraudster’s massive Ponzi scheme because of his extensive cooperation with prosecutors.

Bernie Madoff

Madoff's right hand man dies before sentencing

Frank DiPascali, Bernard Madoff’s right hand man for 30 years as Madoff orchestrated the his epic Ponzi scheme, died late last week before he could be sentenced for his role in what was likely the largest financial fraud in history.

Bernie Madoff

Citi unit must face Madoff claims

A Citigroup unit and PricewaterhouseCoopers must face claims they played a part in costing investors more than $1bn in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled.