The dramatic rise and fall of opera-loving philanthropist Alberto Vilar culminated Friday in a nine-year prison sentence from a judge who credited his giving spirit but said money managers must learn fraud leads to prison and damages confidence in the economy. U.S. District Judge Richard J ...

A judge in New York challenged the government to prove that jailed financier Bernard Madoff's former finance chief is a valuable cooperator Wednesday, implying he may only be pretending to help prosecutors in the hopes of garnering a lighter sentence. U.S. District Judge ...

NEW YORK (Reuters) - Epic fraudster Bernard Madoff's longtime deputy Frank DiPascali must stay in jail at least until more is disclosed about his cooperation in the government's investigation of Wall Street's biggest investment fraud, a U.S. judge said on Wednesday. U.S. District Judge Richard Sullivan reserved decision on whether to grant motions for DiPascali's ...

The man who helped Bernard Madoff pull off Wall Street's biggest fraud pleaded guilty and promised to cooperate in the hunt for other conspirators. Frank DiPascali, 52, was denied bail and taken away in handcuffs after pleading guilty Tuesday to 10 charges of conspiracy and fraud before Judge Richard Sullivan in a Manhattan federal court. Sentencing is not scheduled ...