money for nothing
When we last checked in with legendary fraudster Bernie Madoff, the firm hired to distribute $4 billion to victims of his infamous Ponzi scheme has yet to release a dime of that money. The administrators of the fund, however, have pocketed a staggering $38.8 million in billings.
Madoff, who was arrested in 2008, remains in prison, convicted of one of the largest financial frauds in U.S. history, estimated at $64.8 billion. Among his ranks are "The Wolf of Wall Street" Jordan Belfort, the founder and CEO of Enron, who famously swindled more than $70 billion from their Houston headquarters, and even Charles Ponzi, the original Ponzi schemer himself. Here is a look at some more of the biggest investment scammers in U.S. history.