The Madoff investment scandal continues to ripple throughout the world of philanthropy — and board members could be held liable for failing to do due diligence, reports The Chronicle of Philanthropy.

The Picower Foundation, one of the nation’s largest foundations until it collapsed in December as part of the Bernard Madoff investment scandal, and its founders have been sued by the trustee who is ...

Bernie Madoff orchestrated the largest Ponzi scheme in history, defrauding investors of around $64.8 billion over decades.

With financial roots running deep throughout his career, Irving Picard, an American Lawyer Lifetime Achievement honoree, spent several years at the SEC before serving as the first U.S. trustee for the ...

(Reuters) - Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff: * AUSTIN CAPITAL MANAGEMENT - The company managed money for ...