On Dec. 10, 2008, he confessed the wrongdoing to his sons, who turned him in. Madoff was arrested on Dec. 11, 2008. He was sentenced to 150 years in prison and ordered to forfeit $170 billion in 2009.

The Madoff Victim Fund has started distributing more than $131.4 million in its 10th and final round of payments, bringing the total amount of compensation — shared among almost 41,000 ...

Bernie Madoff victims receiving final payout, will recover 94% of their losses The Madoff Victim Fund's total payout will be $4.3 billion shared among nearly 41,000 people, the DOJ says ...

Victims of notorious Ponzi schemer Bernie Madoff are receiving their final payments — bringing the total amount doled out by a compensation fund to over $4.3 billion, the feds announced Monday.

The final distribution from a fund for victims of the fraudster Bernie Madoff began Monday, the Department of Justice said. When the last disbursement is completed, more than $4.3 billion will ...

Former financier Bernard Madoff (C) leaves federal court following a hearing in New York, N.Y., in 2009. On Monday, the Justice Department reported that the fund designed to aid victims of the ...

The $64.8 billion Ponzi scheme perpetuated by Bernie Madoff was the largest in history. Madoff was a fiduciary financial advisor who was deeply trusted by both clients and regulators alike.

Sam Bankman-Fried, the former crypto mogul who co-founded FTX, also was ordered to repay more than $11 billion for his conviction on charges related to fraud and money laundering.

In the packed courtroom, the hearing centered on the real SBF. He is, as has been noted, a multitudinous figure — capable of immense crimes and great philanthropy.

The billionaires who attended the 2024 World Economic Forum in Davos, Switzerland, don't understand why you’re so worried about Trump.

Additionally, Madoff was ordered to pay $170 billion in restitution to his victims. The DOJ says the fund has "exceeded expectations" in the level of recovery it has been able to successfully ...

Dec 11 (Reuters) - Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI arrested Madoff on Dec. 11, 2008 for running ...