Bernard Madoff’s Victims Collect $4.3B as US Government Fund Completes Payouts January 2, 2025 By Jonathan Stempel A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying...
Bernie Madoff Is Long Gone. The Lawyers Are Going Strong December 12, 2023 Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI...
New York Attorney Changes Plea in Ponzi, Auto Insurance Fraud Scheme September 19, 2023 A disbarred New York attorney has changed his plea to guilty in connection with an $19 million Ponzi scheme and...
Jury Finds Deutsche Bank Liable for $95 Million in International Ponzi Scheme Suit April 26, 2023 By William Rabb A south Florida jury has found Deutsche Bank liable for failing to flag a Ponzi scheme that allegedly forced several...
Las Vegas Lawyer Indicted in $460M ‘Slip-and-Fall’ Scheme April 4, 2023 A longtime Las Vegas attorney was indicted on federal charges that he orchestrated a $460 million Ponzi scheme spanning multiple...
In Big Florida Ponzi Scheme Fallout, Security National Sues Firm’s Lawyers December 13, 2021 Finger-pointing in one of the largest Ponzi schemes to hit Florida has spilled over into the legal and insurance industries....
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers September 21, 2021 By Jonathan Stempel A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest...
Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82 April 14, 2021 By Jonathan Stempel and Bill Trott NEW YORK — Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to...
Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme June 26, 2019 Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of...
Pennsylvania Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam May 1, 2017 By Joe Mandak An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million....