The U.S. Attorney's office suggested in a brief court filing on Friday that Bernie Madoff is ready to waive a formal grand jury review (an indictment). Usually that sort of language is used when a plea deal is close.

The guy has got to live on something right? Aren't normally people like this already in jail?

A retired British Army major has killed himself after losing his life savings to the Bernie Madoff Ponzi scheme.

Many have seen their retirement savings dry up as the stock market has dropped precipitously in the recession. But there are also those who were victims of Bernie Madoff's Ponzi scheme who lost everything. And one such California resident has had to return to work, at age 90.

Marcus Schrenker, was, or is, an Indiana businessman whose financial management companies, Heritage Wealth Management Inc., Heritage Insurance Services Inc. and Icon Wealth Management, were under investigation. Now it appears he apparently bailed out of his small plane and let it crash in what may have been an attempt to fake his own death.