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By Associated Press
WASHINGTON — The Supreme Court ruled Wednesday that class-action lawsuits from investors who lost billions in former Texas tycoon R. Allen Stanford’s massive Ponzi scheme can go forward. The decision is a loss for individuals, law firms and investment companies…
By Sam Hananel, Associated Press
JPMorgan Chase agreed to pay a record-breaking $2.6 billion fine to settle criminal charges related to the Bernie Madoff fraud case. Authorities charged the bank had turned a blind eye to Madoff's massive Ponzi scheme. Jeffrey Brown gets more detail…
How are Bernie Madoff's fraud victims coping five years later?…
Five years ago, financier Bernie Madoff was arrested for running an elaborate, global Ponzi scheme that defrauded investors of billions of dollars and left many of his thousands of victims with nothing. Madoff is currently serving a 150-year sentence in…
In other news Friday, the Securities and Exchange Commission penalized eight employees for failing to spot Bernard Madoff's Ponzi scheme over 16 years. The agency said the measures ranged from pay cuts to suspensions, but no one was fired. Also,…
Nearly three years after the Bernie Madoff Ponzi scheme scandal erupted, wife Ruth Madoff and son Andrew are telling their side of the story. Gwen Ifill and "Wizard of Lies" author Diana Henriques take a deeper look into the Madoff…
In the new book, "The Wizard of Lies," New York Times' Diana Henriques chronicles the massive Wall Street Ponzi scheme of the '90s led by Bernie Madoff. Jeffrey Brown talks to Henriques about her reporting.
By Online DA
President Obama issued an executive order Tuesday establishing a multi-agency task force to crack down on financial fraud.
A trove of Bernard Madoff's belongings seized by U.S. Marshals from the Ponzi schemer's Manhattan penthouse and New York beach home are to set to go on sale Saturday in a government-run auction for victims of his fraud.
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