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.
JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to US authorities to avoid litigation, press reports said Monday.
The owners of the New York Mets baseball team were set to go on trial Monday in a crucial test of attempts to recoup billions of dollars lost during Ponzi conman Bernard Madoff's fraud.
LOS ANGELES — Hollywood legend Robert De Niro is lined up to play shamed Wall Street financier Bernard Madoff in a planned US television film about his massive fraud scandal, a spokeswoman said Tuesday.
A US federal court on Friday sentenced a New York-based man to 25 years in prison after he admitted stealing more than $195 million from thousands of investors in a $400 million Ponzi scheme.
