A Banco Santander SA investment management company will pay $235 million to the trustee winding down the securities business formerly run convicted swindler Bernard Madoff. Read more

Former GMAC financial services chairman J. Ezra Merkin, has agreed to give up control of his investment funds after his link to the Bernard Madoff scandal placed him in the spotlight. Merkin's ties to the man who perpetrated a $65 billion Ponzi scheme have placed him in hot water with New Yor... Read more

Receivers would take control of three hedge funds run by prominent money manager Ezra Merkin and linked to the Madoff fraud, lawyers for New York's top legal officer and Merkin said on Tuesday. Read more

Receivers would take control of three hedge funds run by prominent money manager Ezra Merkin and linked to the Madoff fraud, under an agreement between New York's top legal officer and Merkin, lawyers said on Tuesday. Read more

Fairfield Greenwich Group, has been sued by the trustee for Bernardo Madoff’s now inactive money management firm, seeking $3.54 billion. Read more

The trustee for Bernard Madoff on Monday sued funds run by Fairfield Greenwich Group, the confessed swindler's largest "feeder fund," for $3.5 billion, claiming it should have been aware he was engaged in fraud. Read more

U.S. prosecutors have broadened their criminal investigation of the Bernard Madoff case beyond the friends and family of the confessed swindler to at least eight investors and associates, The Wall Street Journal reported on Monday, citing people familiar with the matter. Read more

Five months after Bernard Madoff's massive fraud was revealed, little of his victims' money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. Read more

About $1 billion has been recovered to pay back the defrauded customers of swindler Bernard Madoff, but settlements in the coming weeks will boost the number significantly, the trustee winding down the Madoff firm said on Thursday. Read more