Bernard Madoff, Ponzi Scheme | featured news

The widow of a businessman who was the single-largest beneficiary of Bernard Madoff's Ponzi fraud agrees to return $7.2bn (£4.5bn). Barbara Picower said Madoff's fraud was "deplorable" and promised to return money accrued over 35 years of investing with Madoff.

Mark Madoff was feeling increasingly despondent about his worsening legal situation in the days leading up to his death. But the trustee recovering assets for victims of his father's Ponzi scheme says the suits will continue.

A law enforcement official tells The Associated Press that a son of Bernard Madoff has been found dead in New York City of an apparent suicide.

The trustee seeking to recover money for investors who lost billions of dollars in jailed financier Bernard Madoff's fraud has filed civil charges for some nearly $20 billion.

The trustee seeking to recover money for defrauded Bernard Madoff investors said he filed 40 lawsuits on Friday, including several against relatives of the convicted money manager.

The trustee seeking to recover money for defrauded Bernard Madoff investors has sued UBS  and others for more than $2 billion, accusing them of collaborating in the Ponzi scheme.

Stanley Chais, a Beverly Hills money manager for Hollywood's elite who was accused of recklessly plowing nearly $1 billion in client funds to Bernard Madoff, has died.

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.

Estate tax battle is latest hit for heirs of real estate tycoon Norman F. Levy.

A bankruptcy judge ruled that certain investors in Madoff's Ponzi scheme aren't entitled to recoveries from the fraud.