Bernard Madoff

Warren Buffett's old Cadillac fetches $122,500 at auction

Warren Buffett's 2006 Cadillac attracted a high bid of $122,500, more than 10 times its market value, in a charity auction that concluded on Thursday night.

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JPMorgan to pay $2.6 billion to US government, victims related to Madoff Ponzi scheme

Investment bank JPMorgan Chase & Co. has agreed to a $2.6 billion settlement with the US government and victims of the Bernard Madoff Ponzi scheme. Government prosecutors alleged that JPMorgan failed to share its suspicions of fraud at Madoff's fund with the US authorities.

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