Bernard Madoff accussed of pyramid investment fraud in New York
Photographers stake out the New York building that contains the offices of Bernard L Madoff Investment Securities on December 15, 2008. Madoff is accused of creating a multi-billion dollar pyramid investment fraud involving Japan, Spain and the United States. (UPI Photo/Ezio Petersen)
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Peter Madoff, the brother of convicted Ponzi-schemer Bernard Madoff, was allowed a delayed incarceration so he could attend a family bat mitzvah in New York.
A senior U.S. Securities and Exchange Commission official who oversaw key investigations of Bernard L. Madoff's activities is resigning, the agency said.
A securities investigator in Connecticut testified that Madoff associates knew he was running an illegal Ponzi operation, but chose to ignore the warning signs.
U.S. financial investigators allege trader Bernard L. Madoff never invested his clients' money in stocks listed on account statements dating back to 1993.
Bernard Madoff fraud victims who invested through Spanish bank Banco Santander filed suit in Miami, claiming the bank neglected proper fiduciary oversight.
A lawyer says the two sons of disgraced U.S. financial investor Bernard Madoff had no knowledge of their father's allegedly fraudulent dealings.
Big name accounting firms, banks and hedge funds were all fooled by trader Bernard Madoff's alleged $50 billion Ponzi scheme, lists of service providers show.
The New York financier accused of perpetrating an alleged $50 billion fraud was ordered by a judge Wednesday to be detained in his Manhattan apartment.
U.S. investigators said they had uncovered records at Bernard L. Madoff Investments Securities LLC that appear to be fraudulent.
A lobbying firm in Washington said it severed ties with accused New York trader Bernard Madoff, as more of the trader's influence has come under scrutiny.
