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  • ** FILE ** Bernard Madoff is serving a 150-year prison term for his Ponzi scheme that stole an estimated $36 billion from investors. (Associated Press)

    Court won't allow Madoff trustee to sue banks

    The Supreme Court will not let the trustee working to recover money for Bernard Madoff's investors sue major financial institutions for their role in Madoff's massive fraud.

  • Briefly: $2.5 billion distributed to Madoff scam victims

    A court-appointed trustee in New York has mailed out $2.5 billion in checks to victims of Bernard Madoff's massive fraud.

  • ** FILE ** Peter Madoff, brother of Bernard Madoff, attends a court hearing in Mineola State Supreme Court in Mineola, N.Y., on April 3, 2009. (AP Photo/Louis Lanzano, Pool)

    Feds: Madoff's brother to plead guilty in fraud case

    Plans for the brother of jailed financier Bernard Madoff to plead guilty and serve 10 years in prison raise fresh questions about the status of the investigation into the epic multibillion-dollar fraud and whether other family members remain under criminal investigation.

  • Bernard Madoff

    N.Y. attorney general: Madoff victim payouts within 3 years

    Investors in four funds that lost more than $1.2 billion in Wall Street swindler Bernard Madoff's Ponzi scheme will receive $405 million in payouts over the next three years, New York's attorney general said Monday.

  • **FILE** Bernard Madoff (Associated Press)

    N.Y. Mets owners settle in Madoff-related case

    The New York Mets owners and a trustee for Bernard Madoff's fraud victims settled Monday for $162 million in a case aimed at repairing the damage from a massive investment scheme.

  • **FILE** New York Mets owner Fred Wilpon (left) and COO Jeff Wilpon listen to a question from the media during a Oct. 29, 2010, baseball news conference in New York. (Associated Press)

    Judge: N.Y. Mets owe up to $83M to Madoff trustee

    The New York Mets' owners must pay up to $83 million to the trustee recovering money for Bernard Madoff investors, a judge said Monday, though he expressed doubt that the trustee will succeed in proving at a trial this month that he's entitled to as much as $300 million more.

  • At NY civil trial, Mets hope to shed Madoff taint

    With spring training just weeks away, nobody's working harder to prepare for the New York Mets' future than their lawyers.

  • Bernard Madoff

    Court: Madoff investors can't recover fake profits

    Investors who lost billions of dollars in Bernard Madoff's massive multidecade fraud are not entitled to recover fake profits that were described to them in phony statements, a federal appeals court said Tuesday.

  • Trustee: Mets tried to buy fraud insurance

    A court-appointed trustee says the owners of the New York Mets reaped profits from Bernard Madoff's financial Ponzi scheme even as they shopped for insurance to protect themselves in case the scam collapsed.

  • FILE- In this Oct. 29, 2010, file photo, New York Mets owner Fred Wilpon, left, and COO Jeff Wilpon, listen to a question from the media during a baseball news conference in New York. The Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle. The owners, Fred Wilpon and son Jeff, say they are looking into the sale to "address the air of uncertainty created by this lawsuit."  (AP Photo/Kathy Kmonicek, File)

    Mets owners explore partial sale of team

    Under pressure because of a lawsuit from the trustee trying to reclaim money for the victims of the Bernard Madoff swindle, the New York Mets' owners said Friday they are exploring a partial sale of the team that would raise several hundred million dollars.

  • Madoff

    Madoff trustee gets $7B settlement

    The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced Friday.

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