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Federal fund for Bernie Madoff’s victims gets more than $40 billion in claims

The U.S. government-overseen fund for victims bilked by Bernard Madoff’s massive Ponzi scheme has received more than 50,000 claims worldwide topping $40 billion, the fund’s chief said Tuesday. Richard Breeden, the “special master” managing the Justice Department’s Madoff Victim Fund, said it had received more than 51,700 claims from 119…

Federal prosecutors say Bernie Madoff was in ‘love triangle’ with employee

By Nate Raymond NEW YORK (Reuters) – Bernard Madoff was in a “love triangle” involving one of five former employees who are about to go on trial for helping him run his multibillion-dollar Ponzi scheme, prosecutors said. Madoff pleaded guilty in March 2009 to running a fraud of up to…

Welcome to the state of North Carolina, Bernie Madoff!

Bernard Madoff, #61727-054, will be heading to the Tar Heel State’s federal prison in Butner. He was given a 150-year prison sentence last month for an elaborate Ponzi scheme that ripped off thousands of victims. Madoff will be joining several other well-known inmates at Butner. They include Omar Abdel-Rahman, the…

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