Bernard Madoff's former accountant David Friehling pleaded guilty Tuesday, according to a report from the Associated Press. Will he stay silent like Madoff or will he spill his guts to minimize his jail time?

Jeffry Picower, a philanthropist accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, was found at the bottom of the pool at his oceanside mansion and died Sunday, police said. He was 67.

For all the people and institutions that lost tens of million of dollars investing with Bernie Madoff, a few had to make money. Someone had to be smart enough to take their gains and call it a day.

It turns out that among the more intelligent Madoff investors, or at least the more fortunate, were the owners of The New York Mets baseball team.

Author Erin Arvedlund wrote a Barron's article back in 2001 called "Don't Ask, Don't Tell" questioning the magical returns of Madoff's so-called "hedge fund". Now the investigative journalist has brought all her research together in a compelling read all about the Ponzi scheme saga that has caused so much misery and hand-wringing about the SEC's egregious lack of oversight.

In his ongoing battle to bring the bankrupt Phoenix Coyotes north, billionaire Jim Balsillie increased his bid to $242.5 million Monday. Whether or not that will convince the bankruptcy court to allow him to participate in the court-supervised auction, is the latest twist in the ongoing saga.

Sheryl Weinstein isn't just another Madoff investor with a score to settle. In her case, she has ammunition, in the form of a book that describes an affair she had with the disgraced financier. Unlike some other burned investors - she has no art or jewelry to help make ends meet. Says Weinstein: "What I have to sell is my story."