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Ponzi Scheme

  1. Madoff’s Brother to Plead Guilty for Role in Ponzi SchemeProsecutors said he’s agreed to a ten-year prison sentence.
  2. J. Ezra Merkin Agrees to $410 Million Madoff SettlementThe ex–money manager’s funds funneled at least $2 billion to Madoff.
  3. Bernie Madoff’s Secretary Didn’t Want to Spend Kwanzaa in JailAnnette Bongiorno’s bail was denied.
  4. Ruth Madoff Blames Her Husband; Son’s Suicide Won’t Stop the LawsuitsFamily friends say Ruth Madoff is “totally disgusted with [Bernie] and blames him for her son’s death.”