Members of the Office of the Chief Medical Examiner use a stretcher remove the body of Mark Madoff from the apartment building in which he lived in the Soho neighborhood of New York. He was never charged in the case that sent his father to prison after thousands were swindled of their life savings, but for two years, the eldest son of disgraced financier Bernard Madoff still bore the toxic burden of... 

A federal judge rejected Bernard Madoff’s plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life in prison for an “extraordinarily evil” fraud that took a staggering toll on thousands of victims. U.S. District Judge Denny Chin cited the unprecedented nature of the multibillion-dollar fraud as he sentenced Madoff to the maximum of 150 years... 

In a case with parallels to the Bernie Madoff scandal, a prominent Florida hedge fund manager has vanished – and so has up to $350 million of his clients’ money. Sarasota police are looking into claims that Arthur Nadel, 76, defrauded investors before leaving a distraught note for his family and disappearing. Cops began investigating on Friday after investors complained that Nadel, president... 

A once-prominent art dealer was arrested on Thursday on an indictment charging that he stole $88 million from investors, collectors and artists who had consigned paintings and sculpture to his Upper East Side gallery, the authorities said. The Manhattan district attorney, Robert M. Morgenthau, said the Jewish dealer, Lawrence B. Salander, sometimes sold the same painting to more than one buyer. Aides...