Bernie Madoff

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HSBC wins dismissal of Madoff lawsuit

Bernie Madoff

HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.

New payout could make more Madoff victims whole

Money On Hook

Victims of the epic Madoff Ponzi scheme could get back another $349 million under a proposal submitted to the bankruptcy court Tuesday by trustee Irving H. Picard. The proposed distribution, the fourth since the scandal broke, brings the total payout to nearly $6 billion.

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Bernie Madoff

Bloomberg - Madoff victims get another pay-out

Thousands of victims of Bernard Madoff’s Ponzi scheme are due to get checks totaling $695 million from a U.S. Justice Department fund created through settlements with some of the con man’s oldest customers and his bank, JPMorgan Chase & Co.

Bernie Madoff

Madoff - No-one believed me!

Bernie Madoff claims he tried to tell people as early as 2005 — three years before he was arrested — that his empire was nothing more than an elaborate pyramid scheme, according to a new documentary.

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