Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

FBI agent says Madoff came close to shredding most damning files. — -- Even before he admitted his Ponzi scheme to his family, Bernard Madoff had begun a plan to destroy the most damning evidence ...

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 ...

Bernard Madoff went down in history as the mastermind behind the largest Ponzi scheme ever uncovered, defrauding investors of more than $65 billion. But what exactly did he do, and why did his case ...

Madoff, 81, is serving a 150-year prison sentence in a North Carolina federal facility for orchestrating the largest Ponzi scheme in history at his firm, Bernard L. Madoff Investment Securities in New ...

The well-respected fund manager appears to have committed suicide. Dec. 23, 2008— -- Thierry Magon de La Villehuchet, a well-respected French investment fund manager who put at least $1.4 billion ...

What Is a Ponzi Scheme? Ponzi schemes typically lure in investors by promising high returns with little to no risk. Because initial investors often see high returns at first, early Ponzi schemes often ...

NEW YORK (Reuters) - Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau ...

After decades of marriage, Bernie was arrested in 2008 for defrauding investors and running the biggest Ponzi scheme of all time Ruth stayed with him following his sentencing and has lived a quiet ...