That same year, the Department of Justice announced that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government.

To put money in his own pockets and defraud thousands of people, Madoff would persuade victims to give their ... Despite losing nearly $70 million in assets, Ruth was able to stay afloat and ...

The term “Ponzi scheme” was all over the news in the early 2000s—on morning talk shows and printed in all the papers—and the term has resurfaced again nearly 15 years later. This is thanks ...

Among Madoff's victims were scores of celebrities. Notably, actor Kevin Bacon and his wife, Emmy-award winner Kyra Sedgwick, lost millions with Bernie Madoff's wealth management firm. But you don ...

He had no values," said former investor Tom Fitzmaurice at Madoff's sentencing, per AP News. "He cheated his victims out of their ... over when he only had $300 million left of investor money ...

The four-part documentary, directed by Joe Berlinger, features interviews with whistleblowers, former employees, investigators and victims of Madoff's actions. Madoff's Ponzi scheme saw him ...

This content is imported from youTube. You may be able to find the same content in another format, or you may be able to find more information, at their web site. Watch on The term “Ponzi scheme ...

With the $18.5 million price tag, Benenson was hoping just to break even on the sale if he was able to score a buyer. This marks the third time since the late Madoff’s arrest on Dec. 11 ...

a couple who trusted Madoff with their retirement savings. They emerge as the victims of not just Madoff himself, but of a system that failed them repeatedly when it failed to detect Madoff’s ...

The term “Ponzi scheme” was all over the news in the early 2000s—on morning talk shows and printed in all the papers—and the term has resurfaced again nearly 15 years later. This is thanks ...