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The Latest Breaking News from Bernie Madoff

Ponzi schemes and financial bubbles: lessons from history

Many investors are asking themselves if we are living in an AI bubble; others have gone beyond that and are simply asking themselves, until when? Yet the bubble keeps growing, fuelled by that perilous sentiment of “fear of missing out”. History and recent experience show us that financial bubbles are…

The Conversation

HSBC sees 14% profit drop after provision hit from Madoff lawsuit

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.

Euronews

Twenty years ago, my research exposed one of the biggest corporate scandals in U.S. history: It taught me that fraud is everywhere, just waiting to be revealed

My findings led to SEC investigations, congressional hearings, and the resignations of more than 70 executives.

Fortune

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7 Times People Lost Everything Because of “Trusted” Financial Advisors

We often believe that financial advisors are the gatekeepers of our wealth, working tirelessly to ensure our money grows and remains safe. After all, they’re...

Saving Advice

Bernie Madoff of cows cost investors $100M in ‘Ghost Cattle’ Ponzi scheme: suit

Kentucky cattleman Brian McClain allegedly left more than 100 investors in the U.S. and Canada on the hook when he died

The Independent UK

6 Financial Advisors Who Stole More Than They Helped You Earn

When you hire a financial advisor, you expect them to help you grow your wealth, not drain it. Yet, history is full of stories where trusted professionals turned out to be anything but trustworthy. These financial advisors didn’t just make bad investments—they actively stole from their clients, sometimes leaving entire…

The Free Financial Advisor

7 Rich People Who Got Caught Scamming Everyone

Wealth doesn’t always equal honesty. In fact, sometimes, it’s the richest and most powerful individuals who bend — or completely break — the rules to get ahead. From billionaires in luxury penthouses to CEOs of booming tech empires, many have built their fortunes not on brilliance, but on deceit.

Everybody Loves Your Money

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12 Financial Experts Who Turned Out to Be Frauds

Trust forms the foundation of financial advice. When we hand over our hard-earned money to financial experts, we expect honesty, integrity, and genuine expertise. Unfortunately, the financial world has seen its share of wolves in sheep’s clothing—individuals who built empires on deception rather than sound financial principles. These fraudsters not…

The Free Financial Advisor

Wall Street hails conviction of young woman who conned JPMorgan—but asks how bank failed to catch $175 million fraud

Charlie Javice, who faces a prison sentence of 14 to 17.5 years, unsuccessfully sought to portray JPMorgan Chase as careless.

Fortune

FTX's SBF Claims Democrats Abandoned Him Despite Donations, Says Diddy Was 'Kind' In Tucker Carlson Podcast

Sam Bankman-Fried appeared in the latest episode of Tucker Carlson's X show, revealing Sean "Diddy" Combs had been "kind" to him in prison. He also shared his thoughts on being "abandoned" by the Democrats he helped ahead of the FTX collapse.

International Business Times

Former Barclays chief Jes Staley heads to court to clear name from associations to Jeffrey Epstein

American banker had a relationship with the now-deceased Epstein while working at JPMorgan Chase

The Independent UK

Madoff Victim Fund Nearly Completes Compensation For Scam Victims

Madoff Victim Fund compensates nearly 41,000 victims worldwide for losses in Ponzi scheme.

Top News

Bernie Madoff victims get final payout

The Madoff Victim Fund's total payout will be $4.3 billion shared among nearly 41,000 people, the DOJ says

Salon

Madoff Victim Fund Makes Final Payout 15 Years After Ponzi Scheme Collapsed

Victims have recovered nearly 94% of their initial investments with the final payout from the victim fund.

International Business Times

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The Guardian - UK

Bernie Madoff compensation fund makes final payments

Tenth and final payment means the 40,000-plus Ponzi scheme victims will have recovered 93% of investment losses

The Independent UK

Victims of Bernie Madoff Ponzi scheme collect final payments

Victims of the largest known Ponzi scheme have had approximately 94 percent of their losses recovered

Reason

Abolish the Securities and Exchange Commission

Despite its enormous budget and vast regulatory powers, the agency has failed to detect major frauds while wasting time and money on relatively useless disclosures.

Kiplinger

A Future Headline: Biff’s Investing Firm Cleans Up With AI

A future Biff and his fictional investment company will conspire to rip you off by professing to use amazing AI tools. How can you protect yourself?

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news in one place.

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Kiplinger

I Listened to a Pitch for a Possible Bitcoin Scam So You Don’t Have To

Evening Standard

Your chance to work at Bernie Madoff's old digs

Yours for just £23k a month

Evening Standard

Madoff: The Final Word by Richard Behar review: a riveting read

What would the perfect investment opportunity look like? Something that makes big returns — much more than the competition. And something that would never make a loss, not for a single month, for year after year, decade after decade.

WhatToWatch

The 20 best true crime documentaries on Netflix to stream

Here are the 20 best true crime documentaries on Netflix to stream. From theft to fraud to murder, these stories will leave you baffled yet intrigued.

The Texas Tribune

Legal experts say it’s rare to pursue jail time in securities fraud cases like Paxton’s

In 2015, Attorney General Ken Paxton was indicted on three securities fraud felony charges. Experts in securities fraud say those charges are rarely pursued.

Kiplinger

How SIPC Works and What Investors Should Know About It

The Securities Investor Protection Corp. will help get your cash and securities back if your broker-dealer fails. Here's a look at how SIPC works.

The Conversation

Santos, now booted from the House, got elected as a master of duplicity -- here's how it worked

U.S. Rep. George Santos, a Republican from New York, was expelled on Dec. 1, 2023 from Congress for doing what most people think all politicians do all the time: lying.

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