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The estate of Jeffry Picower, an investor in Madoff's Ponzi scheme who died last fall, is expected soon to pay at least $2 billion to other investors burned by the fraud.
The Internal Revenue Service has begun sending refund checks to investors who paid taxes on money they thought they had made before the multibillion-dollar fraud was revealed.
Banco Santander, which funneled $3 billion in client funds to Bernard L. Madoff, agreed to pay $235 million to settle potential legal claims by a trustee of Madoff victims.
Some former customers of financier Bernard Madoff despise him for his fraud, but they are also angry with their government and a financial system they say robbed them of their savings.
Banco Santander, Europe's second-largest bank by market value, has quietly sweetened a compensation deal for selected private banking clients who lost money in Bernard Madoff's alleged Ponzi scheme.
Hall of Fame pitcher Sandy Koufax. Broadcaster Larry King. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients of disgraced financial ...