The New York Mets' owners scored an early-season victory today, stabilizing the club's financial future in a deal with a trustee for Bernard Madoff's fraud victims that requires them to pay millions less than they might have — and lifts a dark cloud from a team whose dismal play seemed to mirror its misfortune in the owner's box.
VIDEO: Report on Madoff suicide pact at bottom of article The wife of disgraced Wall Street financier Bernard Madoff says the couple tried to kill themselves after he admitted to his loved ones that he'd stolen billions of dollars in the largest Ponzi scheme in history.
The trustee recovering money for Bernard Madoff's burned investors has reached a $7.2 billion settlement with the estate of a Florida philanthropist and businessman who had been the single-largest beneficiary of the fraud.
The eldest son of disgraced financier Bernard Madoff hanged himself by a dog leash in his apartment today after two years of "unrelenting pressure" following his father's arrest in a multibillion-dollar fraud that enveloped the entire family, law enforcement officials and a family attorney said.
Until the Bernard Madoff scandal broke, it was Minnesota businessman Tom Petters who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall. Jury selection for his trail is scheduled to begin Wednesday.
North Dakota’s only American Civil Liberties Union office in Fargo closed in February, a closure blamed generally on the poor national economy, but also to losses major contributors suffered in the Bernard Madoff scandal.
Convicted Wall Street swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud that the judge called so "extraordinarily evil" that he needed to send a message to potential copycats and to victims who demanded harsh punishment.
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