Allen Stanford Unfit for Trial? Witnesses Skeptical of Amnesia Claims

HOUSTON, Texas - infamous swindler and accused Ponzi scheme architect Allen Stanford, 61, allegedly suffers from memory loss so significant that he may be found unfit to stand for trial. To bring everyone up to speed, Allen Stanford, ... continue

Bernard Madoff Trustee Settlement To Recover $326 million From IRS

Victims of fraudster Bernard Madoff may soon be in line for some compensation. Irving Picard (above), the trustee seeking money for Madoff's former customers, has reached an agreement with the U.S. Internal Revenue Service (IRS) to recover $326 ... continue

Bernie Madoff Trader To Plead Guilty For Ponzi Scheme Role

David L. Kugel, a former trader for Bernard L. Madoff Investment Securities will plead guilty in Federal District Court in Manhattan on Monday for his part in conspiring to defraud customers starting in the early 1970s. The guilty plead ... continue

Madoff Victims File $19 Billion Lawsuit Versus JPMorgan Chase

Former customers of Ponzi scheme kingpin Bernie Maddoff has filed a class action lawsuit against JPMorgan Chase & Co. hoping to recover $19 billion. The Maddoff victims claimed that the bank concealed and willfully ignored signs of ... continue

JPMorgan Chase & Co. Sued By Madoff Investors

Victims of Bernie Madoff have filed a $19 billion class action lawsuit against JPMorgan & Chase claiming that the bank ignored various signs of fraud. Filed in federal court in Manhattan the lawsuit asserts that even a basic ... continue

Robert De Niro to Play Bernie Madoff in HBO Biopic

Actor Robert De Niro is reportedly all set to play the role of convicted fraudster Bernie Madoff in HBO's upcoming biopic film Truth and Consequences: Life Inside the Madoff Family. In addition to acting, the NY Times report ... continue

Bernie and Ruth Madoff Attempted Suicide Together (Woke Up Alive the Following Day)

Ruth Madoff, the wife of Ponzi schemer Bernie Madoff, revealed to CBS News that she and her husband were so deeply upset by the multi-million fraud that they planned to commit suicide on Christmas Eve in 2008. Ruth said ... continue

Bernie Madoff’s Son’s Widow Would ‘Spit in His Face’

As Bernie Madoff brags of a safe and almost pleasant prison experience, people outside continue to suffer from his lengthy con- including the widow of Madoff's son, Mark. After the scandal, Mark Madoff was unable to make peace ... continue

Full Tilt Poker Website Was Nothing But A Ponzi Scheme Says Federal Investigators

Because online poker websites were never really "legal" in the United States they went largely unchecked for years, allowing popular website Full Tilt Poker to generate a massive ponzi scheme to the tune of $390 million says ... continue

Kevin Bacon, Ponzi Scheme Victim, Talks Moving Forward

As we reported back in 2008, actor Kevin Bacon and his actress-wife Kyra Sedgwick were the victims of Bernie Madoff's massive $50 billion Ponzi scheme that, according to rumor, left them with "very little". According to a ... continue

Mark Madoff, son of ponzi schemer Bernie, dead in suicide

Th 46-year-old elder son of fraudster Bernie Madoff was found dead earlier this morning, hanging from a pipe in his Mercer Street apartment in Manhattan. Mark Madoff, alone in the SoHo home with his two-year-old son, had hanged ... continue

Kevin Bacon and Kyra Sedgwick Duped by Madoff Scheme

Kyra Sedgwick and Kevin Bacon have been identified as victims of Bernie Madoff's $50 billion Ponzi scheme that left investors in financial ruin. Kevin Bacon's rep, Allen Eichorn, told New York Magazine that "I can confirm that they had ... continue

Wall Street trader Bernard Madoff arrested over Ponzi Scheme

Well known Wall Street trader and former chairman on the NASDAQ exchange Bernard Madoff has been arrested and charged with allegedly running a multi-billion dollar Ponzi scheme. US Federal prosecutors accuse Madoff of telling senior employees of his ... continue