Ponzi Scheme | featured news

Disgraced financier Bernard L. Madoff is expected to plead guilty Thursday to 11 criminal charges in connection with an alleged massive fraud that went back to the 1980s, his lawyer said Tuesday.

A New York artist has fashioned a bust of accused financial swindler Bernard Madoff into a piggy bank that won't give your money back. Sculptor Palmer Murphy said he designed the faux-bronze "Ponz" piggy bank with a coin...

NEW YORK (Reuters) - Bernard Madoff, accused mastermind of a $50 billion investment fraud, is expected to plead guilty to criminal charges next week, three months after his arrest shocked his customers worldwide.

Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.

Madoff's U.K. operation transferred $164 million to his U.S. business a few week's before the financier's arrest on fraud charges.

A bankruptcy judge in the Bernard Madoff case refused Tuesday to waive a deadline for claims against the disgraced financier ...

A 90-year-old man who lost his life savings to accused fraudster Bernie Madoff is forced back to work.

The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the financier bought securities for his clients.

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.

A former British soldier killed himself after losing his life savings in an alleged $50 billion fraud run by Wall Street financier Bernard Madoff, the dead man's son said.