That same year, the Department of Justice announced that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government.

The U.S. Department of Justice recently repaid another $370 million to victims of Madoff’s notorious Ponzi scheme, for a total of $4 billion. One similarity that has appeared in the ashes of ...

The term “Ponzi scheme” was all over the news in the early 2000s—on morning talk shows and printed in all the papers—and the term has resurfaced again nearly 15 years later. This is thanks ...

To put money in his own pockets and defraud thousands of people, Madoff would persuade victims to give their ... Despite losing nearly $70 million in assets, Ruth was able to stay afloat and ...

Since his downfall in 2008, disgraced financier Bernie Madoff ... Madoff's victims. The Nobel Peace Prize winner and his wife, Marion, lost their entire savings along with $15.2 million from ...

He had no values," said former investor Tom Fitzmaurice at Madoff's sentencing, per AP News. "He cheated his victims out of their ... over when he only had $300 million left of investor money ...

The four-part documentary, directed by Joe Berlinger, features interviews with whistleblowers, former employees, investigators and victims of Madoff's actions. Madoff's Ponzi scheme saw him ...

With the $18.5 million price tag, Benenson was hoping just to break even on the sale if he was able to score a buyer. This marks the third time since the late Madoff’s arrest on Dec. 11 ...

When he was sentenced, Madoff stated, "I have left a legacy of shame, as some of my victims have pointed out ... Ruth Madoff is worth $2 million today, according to Celebrity Net Worth.