Madoff accomplice Daniel Bonventre jailed for 10 years

Image caption Bonventre and four others Madoff associates were found guilty of fraud in March. A ex- associate of Bernie Madoff has been sentenced to 10 years in jail for aiding the disgraced Wall Street financier in his $65bn (£42bn) fraud scheme. Daniel Bonventre, 67, was also ordered to forfeit $155bn (£99bn). More in The Telegraph Leader here. [...]

The federal ‘rescue’ is failing Bernie Madoff’s victims

Seven years ago today, Bernie Madoff was arrested for orchestrating the most devastating Ponzi scheme in US history. Unfortunately, many of Madoff’s victims still haven’t seen the restitution they were guaranteed under federal law. More in the New York Post [...]

EX-MIT Dean and Son to Serve Prison Time for Hedge Fund Scam

A former Massachusetts Institute of Technology associate dean and his son have been sentenced to 3¾ years in prison for a hedge fund scam that cost investors more than $140 million. More on ABC News [...]

Madoff trustee sues Israeli universities, hospitals for $95m

Irving Picard, the trustee appointed to liquidate the assets of convicted Ponzi schemer Bernard Madoff and return money to his victims, has filed a $95 million lawsuit against some of Israel’s largest educational and medical institutions. More in The Times of Israel [...]