These are trying times for the boards of charities and foundations that have seen investments evaporate in the Bernard Madoff fraud. But for the board members themselves, things could get even worse.

Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases ...

Bernie Madoff went to jail in 2009 and died in 2021. His Ponzi scheme, one of the biggest frauds in Wall Street history, is still haunting the finance industry. HSBC said it would set aside $1.1 ...

A federal judge on Wednesday approved a deal for the estate of financier and philanthropist Jeffry Picower to pay $7.2-billion to victims of Bernard Madoff’s Ponzi scheme, the Associated Press writes.

LONDON (Reuters) -HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's ...

NEW YORK (Reuters) - The arrest of investment manager Bernard Madoff on charges of running a $50 billion (33 billion pounds) "Ponzi scheme" may be only the beginning of the legal saga triggered by the ...

WASHINGTON - Congress will investigate the alleged Ponzi scheme run by Wall Street money manager Bernard L. Madoff, a leading House lawmaker said Wednesday. Separately, the U.S. attorney general took ...

One year after Bernie Madoff admitted to masterminding the biggest Ponzi scheme ever, columnists say the fallout from the scandal is far from over. The $50 billion dollar scam bankrupted hundreds of ...

NEW YORK (AP) — A jubilant accounting firm executive who worked for some of Bernard Madoff’s most important clients emerged from a courtroom hugging family and friends on Thursday after a judge spared ...

NEW YORK AP - A bankruptcy judge in the Bernard Madoff case refused Tuesday to waive a deadline for claims against the disgraced money manager by people who may be asked to give back money they made ...

NEW YORK -- Federal prosecutors in the Bernard Madoff case filed a court motion Friday signaling they may be nearing a plea bargain deal with the disgraced financier. The one-sentence filing stated ...