More than $2.48 billion in additional funds recovered from the Bernard Madoff Ponzi scheme have been sent to individuals and organizations bilked out of their investments.
The owners of the New York Mets will pay up to $162 million to settle a "clawback" lawsuit filed in the Bernard Madoff Ponzi scheme.
Imprisoned financial scam artist Bernard Madoff boasted in a jailhouse letter that he is "quite the celebrity" and treated "like a Mafia don," ABC News said on Thursday.
The trustee charged with recovering assets lost in Bernard Madoff’s Ponzi scheme is suing the Jewish Association for Services for the Aged for $5.2 million.
Victims of Ponzi schemer Bernard Madoff are beginning to receive restitutions, according to The New York Times.
Madoff, who is serving 150 years at a North Carolina federal prison after pleading guilty to swindling more than $65 billion, has been telling fellow inmate he doesn't have much longer to live.
For Belle Faber, the sentencing of Bernard Madoff felt surreal.
"It's all just one big lie."
With those words Bernard Madoff confessed to senior executives of Bernard L. Madoff Investment Securities that the $17 billion hedge fund he founded was nothing more than a Ponzi scheme. Madoff is at the center of "the largest investor swindle ever blamed on a single individual."
The news that broke today on the front pages of the New York Times and the Wall Street Journal reverberated in Jewish communities across the world. "A lot of Jewish charities had investments with him," one prominent investor told The Jewish Journal. "So did a lot of Jews."
UPDATE: Among the victims was the Jewish Community Foundation of Los Angeles.