In 2023, the bank had to pay $1.2 billion in a settlement that claimed the bank was involved in a Ponzi scheme started by Robert Allen Stanford, the former chairman of Stanford International Bank.

To enhance its commitment to keeping its constituents well-informed, the Niagara Falls City School District Board of ...

The fund relied on multiple sources to collect the billions necessary to repay victims. Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final ...

The DOJ announced Monday that it began distributing its tenth and final payments of forfeited funds to 40,930 victims of Madoff’s scheme, the largest known Ponzi scheme to date. The final ...

WASHINGTON -- The fund disbursing money to the victims of Bernie Madoff's legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of ...

It’s been more than 15 years since federal authorities put an end to Bernie Madoff’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation ...

Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment.

St. LOUIS – U.S. District Judge Audrey G. Fleissig sentenced a man who ran a refrigerant-based Ponzi scheme for almost a decade to 14 months in prison and ordered him to repay $287,000 to victims.