The inside workings of the largest Ponzi scheme in history are expected to be revealed in testimony starting today as five of Bernard Madoff's closest associates go on trial in federal court in New York.Madoff, who is serving a 150-year prison sentence in North Carolina, initially told investigators he acted alone, operating his $65 billion fraud essentially as a one-man show.Prosecutors never believed the claim, however, and since the scheme unraveled in late 2008 more than a dozen of Madoff's former employees have been charged.Many in the legal community have been anticipating this trial, the first of anyone charged in Madoff's decades-long fraud which spanned the globe and roped in thousands of investors, including Hollywood celebrities and famous athletes."This trial should be fascinating theater. We will likely see where many of the bodies in the Madoff scam are buried," said securities lawyer Andrew Stoltmann."It is likely that Madoff's final lie -- that he was the sole person r...
First on FOX Business: Ruth Madoff breaks her silence over her husband's multi-billion dollar scam.
FBN's Adam Shapiro on the lawsuit filed by Irving Picard against members of the Madoff family
FBN's Adam Shapiro on details emerging of plea deal in case against Bernie Madoff .
FBN's Adam Shapiro with the latest developments in the Bernie Madoff case.
FBN’s Adam Shapiro on Trustee Irving Picard’s efforts to freeze assets of family members of Bernard Madoff.
New discoveries in Madoff case leave victims asking how the confessed schemist's sons, who ran the family brokerage, could've missed what dad was up to.
FBN's Connell McShane on General Electric's acquisition of Wellstream.
FBN's Connell McShane on the death of Bernard Madoff's son Mark Madoff .
FBN's Connell McShane on Dell's Acquisition of Compellent Technologies.
Beau Dietl & Associates founder Bo Dietl argues Mark Madoff must have been a little complicit in Bernard Madoff's Ponzi scheme.
FBN's Connell McShane on the discount retailer's efforts to open a store in New York City.
FBN's Connell McShane on the Senate's plans to hold a test vote on the tax compromise.
A federal appeals court signaled that victims of Bernard Madoff's fraud more than four years ago might be allowed to eventually sue the swindler's family members ove...
Peter Madoff, the brother of Ponzi schemer Bernard Madoff, pleaded guilty Friday to crimes related to the massive fraud but continued to deny any direct knowledge of...
FBN’s Adam Shapiro on Peter Madoff pleading guilty to conspiracy and falsifying records.
Criminal defense attorney Mercedes Colwin on whether Madoff Liquidation Trustee Irving Picard is going too far by trying to recover money from former in-laws.
Jay Berkman pretends to be someone he's not.Since December 2008, he has been blogging as Bernard Madoff . He tweets under the Twitter handle Bernie L. Madoff from th...
FBN’s Charlie Gasparino on recent criticism thrown his way by the convicted Ponzi schemer.
FBN's Chris Cotter on what Bernie Madoff spent with his American Express card.