Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Ponzi Scheme
RadioShack buyers ran a Ponzi scheme, SEC alleges
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
Retired IRS agent gets 12 years for scamming elderly California woman out of life savings
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Bernie Madoff's victims to get additional $158 million in restitution
Nearly 25,000 of the victims in Madoff's Ponzi scheme will see restitution through the Madoff Victim Fund.
California man sentenced in cow manure Ponzi scheme
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
2/9: Red and Blue
George Santos' work for firm accused of Ponzi scheme drew scrutiny; 2024 GOP presidential field begins to take shape.
Investigating Rep. George Santos' past
A new CBS Reports documentary explores Congressman George Santos' history of lies and his past involvement in a company accused in an alleged Ponzi scheme. CBS News political correspondent Caitlin Huey-Burns discusses "Campaign of Deceit: The Election of George Santos" with Anne-Marie Green and Seth Doane.
2009: The man who knew
In 2009, 60 Minutes interviewed Madoff Ponzi scheme whistleblower Harry Markopolos, who said he alerted the Securities and Exchange Commission of Madoff's fraud starting in 2000.
Bernie Madoff's sister and her husband dead in apparent murder-suicide
They were found unresponsive with gunshot wounds in their residence, police say. Madoff wiped out people's fortunes and ruined charities with a massive Ponzi scheme.
Christian radio host gets 3 life prison terms for bilking listeners
"He ruthlessly stole from his clients who trusted him for almost a decade," said the chief of the Tarrant County DA's Elder Financial Fraud team.
The history behind Bobby Bonilla Day
The Mets are sitting atop National League East and enjoying a good return so far on the team's $196 million payroll. But included in that figure is nearly $1.2 million for a player that hasn't stepped to the plate in more than 20 years, and one the team will continue to pay for another 14 years. Here's more on the now-infamous arrangement between an athlete and an owner, and the most notorious Ponzi scheme in history.
Bernie Madoff: How he pulled it off
On April 14, 2021, Bernard Madoff, who burned thousands of investors through an epic Ponzi scheme, died in prison while serving a 150-year prison sentence. Correspondent Jim Axelrod talks with journalist Jim Campbell, author of "Madoff Talks," who maintained a years-long correspondence with the disgraced investor and his family, to learn exactly how Madoff pulled off the largest financial fraud in Wall Street history.
Bernie Madoff: How he pulled it off
Journalist Jim Campbell, author of "Madoff Talks," maintained a years-long correspondence with the disgraced investor to learn exactly how Madoff pulled off the biggest fraud in American financial history.
Book excerpt: "Madoff Talks" by Jim Campbell
The journalist's new book features exclusive interviews with the disgraced investor who built a Ponzi scheme that grew into the largest financial fraud in Wall Street history.
Ponzi schemer Bernie Madoff dies in prison at 82
Bernie Madoff, the mastermind of the largest Ponzi scheme in history, died in prison at age 82. He suffered from kidney disease in recent years.
Bernie Madoff seeks early release due to end-stage renal disease
Without compassionate release, Madoff's sentence would not end until 2139.
Jeffrey Epstein once worked at firm behind massive Ponzi scheme
"I don't think there was anyone who worked for the company who didn't understand it was a fraud the whole time," a lawyer told CBS News
Bernie Madoff asks Trump for clemency
The perpetrator of the biggest fraud in history is seeking commutation of his 150-year prison sentence, which he is serving in North Carolina
Almanac: Schemer Charles Ponzi
The founding father of financial hijinks, who trapped his investors in a "musical chairs" of fraud, was born on March 3, 1882
Ponzi scheme suspect cast spells, paid $720K for prayers to thwart charges
Six-figure payments for prayers didn't spare Dawn Bennett from a 17-count indictment on fraud charges
Feds charge 3 men after busting $364M Ponzi scheme
Federal prosecutors say the accused ripped off hundreds while spending big on homes, cars and other luxury goods
Harvard-grad financier gets prison for "staggering" fraud
Haena Park was sentenced to three years in prison for squandering $23 million on bad investments
Madoff sons' estates to hand over millions
Mark Madoff hanged himself in 2010 while Andrew Madoff died of cancer in 2014;
Justices reject appeal of Ponzi scheme conviction
The Supreme Court has declined to take on the case of former Texas tycoon R. Allen Stanford, who has been convicted on fraud, conspiracy and obstruction charges
Manager of Backstreet Boys, 'NSync dies in prison at 62
Lou Pearlman’s $300 million Ponzi scheme through his Trans Continental companies was uncovered in 2006
Exclusive
Newly obtained footage shows Iran attack on major U.S. post in Kuwait
Maduro expected to face new charges of torture of Americans in Venezuelan prisons
Christa Pike has pneumonia, unable to move arms after botched execution, lawyers say
Tropical Storm Isaias forms in Gulf, could reach U.S. as hurricane this weekend
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Vance appears to soften U.S. demands on Iranian nuclear enrichment
Investigation
Congress tried to stop surprise medical bills. It created another problem.
Trump pitches Trump International Golf Course for site of "presidential retreat"
FBI concerned alleged Chinese agent is serious flight risk, sources say
