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August 17, 2026
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PONZI SCHEMES
BUSINESS
Nov 10, 2017
Justice Department taps $4 billion fund to start paying victims of Bernie Madoff¡¯s massive Ponzi scheme
The U.S. Justice Department started a long-delayed distribution to victims of Bernard Madoff¡¯s Ponzi scheme, tapping a $4 billion fund created through settlements with some of the con man¡¯s oldest customers and his bank, JPMorgan Chase & Co.
BUSINESS
Jan 29, 2015
MRI owner to pay $584 million for bilking Japanese investors
A Las Vegas businessman and his company, MRI International Inc., were ordered to pay $584 million after a judge ruled that they defrauded Japanese investors in a Ponzi scheme.
WORLD
/
Crime & Legal
Jul 16, 2014
Madoff sons took millions for real estate, trustee alleges
Bernard Madoff¡¯s sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father¡¯s firm, a court-appointed trustee said Tuesday.
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