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 ...

Kayla Williams scored 18 points, Ioanna Krimili added 17 and No. 22 California held on to beat Stanford 75-72 on Thursday night for the Golden Bears' ...

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 ...

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 ...

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 ...

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.