The Latest Breaking News from Bernie Madoff

Wealth doesn’t always equal honesty. In fact, sometimes, it’s the richest and most powerful individuals who bend — or completely break — the rules to get ahead. From billionaires in luxury penthouses to CEOs of booming tech empires, many have built their fortunes not on brilliance, but on deceit.

Trust forms the foundation of financial advice. When we hand over our hard-earned money to financial experts, we expect honesty, integrity, and genuine expertise. Unfortunately, the financial world has seen its share of wolves in sheep’s clothing—individuals who built empires on deception rather than sound financial principles. These fraudsters not…

The Madoff Victim Fund's total payout will be $4.3 billion shared among nearly 41,000 people, the DOJ says

Victims have recovered nearly 94% of their initial investments with the final payout from the victim fund.

Tenth and final payment means the 40,000-plus Ponzi scheme victims will have recovered 93% of investment losses

Victims of the largest known Ponzi scheme have had approximately 94 percent of their losses recovered

Despite its enormous budget and vast regulatory powers, the agency has failed to detect major frauds while wasting time and money on relatively useless disclosures.

A future Biff and his fictional investment company will conspire to rip you off by professing to use amazing AI tools. How can you protect yourself?

If you get a similar phone call, stop and think about whether what's being offered is actually realistic. If it sounds too good to be true, it's probably a scam.