Nation Feb 26 Supreme Court rules to allow class-action lawsuits against Stanford Ponzi scheme 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
Economy Jan 07 Watch JPMorgan settles for $2.6 billion fine over Madoff fallout 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…
Dec 11 Watch How are Bernie Madoff’s fraud victims coping five years later? How are Bernie Madoff's fraud victims coping five years later?…
Nation Dec 11 Watch Looking back at Bernie Madoff’s fraud scheme five years on 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…
Nov 11 Watch News Wrap: SEC Penalizes Employees for Failure to Spot Madoff Scheme 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,… Continue watching
Oct 31 Watch 6:19 Wife, Son Give Texture to ‘the Way Madoff Kept Them in the Dark’ 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… Continue watching
May 12 Watch ‘Wizard of Lies’ Author Details Madoff’s Fall Into Massive Financial Fraud 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. Continue watching
Nov 17 Obama Unveils Financial Fraud Task Force By Online DA President Obama issued an executive order Tuesday establishing a multi-agency task force to crack down on financial fraud. Continue reading
Nov 13 Madoff’s ‘Prisoner Watch’ Among Items Set for Auction Block 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. Continue reading