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The Mastermind Of The Nation's Largest Funding Rip-off Was 82 • MV TELEGRAPH

Bernard Madoff, mastermind of the largest investment fraud in US history that ripped off tens of thousands of customers valued at up to $ 65 billion, died on

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Read CNN Business' last interview with Madoff

Read CNN Business' last interview with Madoff
CNN
1 hr ago
By Aaron Smith, CNN Business
© Jin Lee/Bloomberg/Getty Images
Bernard Madoff, founder of Bernard L. Madoff Investment Securities LLC, leaves federal court in New York, U.S., on Tuesday, March 10, 2009. Madoff, 70, will plead guilty on March 12 that he directed a fraud that totaled as much as $64.8 billion, the largest Ponzi scheme in U.S. history, his lawyer Ira Sorkin said in a court hearing today. Madoff, free on $10 million bail, faces life imprisonment. (Photo by Jin Lee/Bloomberg via Getty Images)
Editor's note: This story was originally published on May 16, 2013 and has been updated with Madoff's death.

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Fintech firm Square is now running its own bank

Fintech firm Square is now running its own bank
CNN
3/2/2021
By Clare Duffy, CNN Business
© Jin Lee/Bloomberg/Getty Images
Square, a credit card reader made for smartphones, is plugged into an Apple Inc. iPhone for a photograph in New York, U.S., on Monday, Oct. 25, 2010. Square Inc.'s mobile-payment technology allows smartphone users to make credit card payments and the availability of funding for new ventures. Photographer: Jin Lee/Bloomberg via Getty Images
Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to "operate more nimbly" in an increasingly crowded fintech market.

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