Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.

Money repaid slowly as investors' retirements stalled and homes in jeopardy. April 20, 2009— -- 8,500 victims of Bernard Madoff's self-confessed $65 billion Ponzi scheme have filed claims to ...

Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. "I used to work as a clerk in the commissary, and now they have me taking care of the telephone ...

Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the largest Ponzi scheme in history, according to a ...

NEW YORK – Reviled Ponzi scheme mastermind Bernard Madoff on Wednesday sought compassionate release from his 150-year prison term, saying he has terminal kidney failure and less than 18 months ...

Disgraced financier Bernard "Bernie" Madoff has petitioned the U.S. government to commute his 150-year prison sentence for defrauding investors in an elaborate, long-running Ponzi scheme.. Madoff ...

Bernard Madoff should not released early from his 150-year prison sentence, even though he has terminal kidney failure, federal prosecutors said Wednesday.

This week marks the fifth anniversary of the arrest of Bernard Madoff, mastermind of the most notorious Ponzi scheme in history. He was arrested on Dec. 11, 2008 for bilking thousands of investors ...

Bernard Madoff, who defrauded investors of more than $19 billion in history’s biggest Ponzi scheme, has asked for early release from his 150-year prison sentence, saying he has 18 months left to ...

Bernard Madoff, mastermind of perhaps the greatest Ponzi scheme in history, has told The New York Times that the banks and funds he dealt with as he got away with billions of dollars that he was ...

It took more than Bernard Madoff alone to pull off the largest Ponzi scheme in U.S. history. On Monday, the first of five members of his inner circle to be convicted in connection to the epic ...