New York (HedgeCo.net) – Koch Industries is being sued in relation to the biggest Ponzi scheme in U.S. history. The hedge fund fraud that Bernie Madoff pulled off received money from a Koch feeder fund, according to Irving Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. The company run by billionaire brothers Charles and David [...]Read Full Story
The guy next door was a great guy. Until he killed a member of his family. Everybody loved investor Bernie Madoff. Until they found out he swindled them. Whitney Houston was a great singer. She chose a life of drug addiction. I hold someone like the departed Ms. Houston in the same regard I would hold a cold-blooded killer. Or Bernie Madoff. I don't see anybody praising and glorifying Charles Manson. Or Bernie Madoff. Why am I seeing everyone boo-hoo-hooing over Whitney Houston? Why are we...Read Full Story
Fred Wilpon and family want the U.S. Supreme Court to change how the trustee is determining winners and losers in the massive Ponzi scheme, Newsday reports .
The Wilpons essentially claim that because they had $500 million on statements with Bernard Madoff when he was arrested and shut down, they lost that amount.
However, lower courts largely have validated trustee Irving Picard's method for determining winners and losers. According to Picard, if you invested more money than you...Read Full Story
Was it really necessary for Bernie
Madoff’s daughter-in-law to offer up a look into her new
life in a glossy magazine?
In a recent edition of Harper’s Bazaar , the wife of Bernie
Madoff’s deceased son, Mark, has given an interview in which she talks of her
new home, her shopping habits and what she gets upto in the gym.
Stephanie
Mack in a Harper’s Bazaar photograph
captioned: “In her living room in a Tory Burch dress”
In the piece, accompanied by
photographs...Read Full Story
Enjoying the high life: Bernie and Ruth Madoff before he was jailed for 150 years after committing the largest financial fraud in history
Few could blame this tiny 70-year-old woman for turning to the bottle for fleeting comfort. Three years ago, she was vilified around the world for standing by her husband, Bernie Madoff, who was jailed for 150 years after committing the largest financial fraud in history. Afterwards, both her sons refused to see her. Far worse, her elder son, Mark...Read Full Story
The bankruptcy trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC ... back numerous political ads including one that criticizes President Obama’s support of Solyndra, now in bankruptcy. The Koch brothers have ...
Feb. 10 (Bloomberg) -- The liquidator of Bernard Madoff’s firm said he is entitled to pursue a $386 million lawsuit against the New York Mets owners because they chose to be “willfully blind” to the fraud to maintain an income stream that ...
--Mets owners have asked the Supreme Court to review a federal appeals court ruling determining which of Bernard Madoff investors can recover losses from a special fund. As the old ruling stands, Mets parent company Sterling Equities is not eligible for ...
A former executive for a hedge fund started by the owners of the New York Mets warned them that Bernard Madoff had to be doing something illegal to gain such high returns, new court documents allege. A former executive for a hedge fund started by the ...
An alleged scam artist dubbed “little Bernie Madoff” by police is back behind bars after the OPP busted him for yet another Ponzi scheme that bilked investors out of $200,000. Jason Stuebing, 43, of Lakeshore, is in custody facing 15 counts of fraud ...
DUMMERSTON, Vt. -- It's hard to resist being gleeful at seeing Wall Street swindler Bernard Madoff get the maximum sentence - 150 years in prison - for bilking investors out of anywhere between $65 billion and $171 billion. But justice certainly wasn't done.
NEW YORK — Mets owner Fred Wilpon was so addicted to the steady stream of profits gushing from his bulky Bernie Madoff account that he was routinely stuffing the cash into whatever team account needed a fix, court papers allege. "When faced ...
Bernard Madoff (born 1938) is an American businessman. He is the former chairman of the Nasdaq Stock Market and he is the founder of Bernard L. Madoff Investment Securities LLC. He was arrested Thursday, Dec. 11, 2008, and charged with securities fraud for his operation of Madoff Investment Securities.