Bernard Madoff

Bernard Madoff’s investors shouldn’t be allowed to appeal a court ruling denying them payment for fake Ponzi profits on their account statements, the Securities and Exchange Commission said Friday. The investors asked the Supreme Court to hear their case after a federal appeals court in New York said in August it would be ‘‘absurd’’ to treat fictitious paper profits as real, upholding a lower court ruling. The Supreme Court justices asked the...  

Bankruptcy judges can rule on claims for fraudulent transfers and unjust enrichment by the liquidator of Bernard Madoff’s firm, exercising powers that aren’t affected by a U.S. Supreme Court ruling in the Anna Nicole Smith case, the ...  

Bernard Madoff’s investors shouldn’t be allowed to appeal a court ruling denying them payment for fake Ponzi profits on their account statements, the U.S. Securities and Exchange Commission said. The investors asked the U.S. Supreme Court to ...  

SANTA FE, N.M.. Dec. 11, 2010 -- Mark Madoff, 46, eldest son of convicted Wall Street scam-meister Bernie Madoff was found dead this morning. It looks like he killed himself. Now, two weeks before Christmas comes the ultimate test of Judeo-Christian ...  

You would think someone’s BS detector should have triggered a lot sooner. The SEC this week charged a California investment adviser with operating a $60 million Ponzi scheme under the name GLR Growth Fund. The adviser’s marketing ...  

Facebook "cancellation" – Facebook users should be cautious ... Victims were told that their money would be used to make short-term loans to businesses and that there was a chance they would lose money. In reality, the victims' money was ...  

Law360, New York (May 25, 2012, 5:55 PM ET) -- The U.S. Securities and Exchange Commission on Thursday advised the U.S. Supreme Court not to review cases challenging the methods of the trustee liquidating Bernard L. Madoff’s Ponzi scheme, which would ...  

Market strategist Barry Ritholtz explains his views on the Facebook IPO debacle and why the social-networking company has no one to blame but itself for the mess due its greed, which he describes as not that far below that of Bernie Madoff.  

Millions more was looted by Cosmo to pay for a life of luxury and to reward account representatives, who the Federal Bureau of Investigation said lied to ... came crashing down just weeks after Bernard Madoff’s $64 billion dollar fraud was exposed ...  

Madoff Investment Securities LLC (collectively, 'Madoff')." Plaintiffs filed their Complaint on or about May 1, 2012 in the Supreme Court of the State of New York, County of Nassau. According to the Complaint, "[a]s Income-Plus's auditor, Defendant was ...  

Investment fraud is still happening all the time -- even after all the awareness following the fall of Bernie Madoff. According to the Center for Retirement Research at Boston College:  The FTC reports more than 1.5 million fraud complaints, up 62% in ...  

Philadelphia, PA (press release): $54 million pales in comparison to the billions swindled by Bernard Madoff’s Ponzi scheme, but there is no difference to the hundreds of victims--many of them elderly--of the alleged financial fraud led in part by once ...  

This isn't nearly the size of the Madoff scandal, but does show that behavior hasn ... earning double-digit annual returns by investing 75 percent of its assets in investments tied to major stock indices. In reality, Geringer’s trading ...  

The Tokyo District Court has rejected a claim for about 5.1 million dollars in damages filed against brokerage firm Nomura Securities Co. regarding sales of financial products linked to financier Bernard Madoff, who is serving a prison sentence in the ...  

The legal malpractice claim brought by a prominent developer against Duane Morris for allegedly creating a trust that exposed the developer to Bernie Madoff feeder funds has quietly settled. Data for Lawfirms, Companies, and Agencies is ...  

Law360, New York (May 17, 2012, 9:07 PM ET) -- A New York bankruptcy judge Tuesday approved a $29 million cash settlement between Trotanoy Investment Co. Ltd. and Irving Picard, the trustee for Bernard L. Madoff Investment Securities LLC who originally ...  

The trustee liquidating Bernard L. Madoff Investment Securities Inc. revised a lawsuit to add the spouses of Bernard Madoff’s two sons as defendants on $57.5 million in claims. The new claims, filed May 4, are part of Irving Picard’s ...  

Law360, New York (May 22, 2012, 5:05 PM ET) -- A proposed class of investors who lost billions when Bernie Madoff’s Ponzi scheme came crashing down asked the Second Circuit on Monday to reverse a lower court’s dismissal of their lawsuit, which alleged ...  

Law360, New York (May 22, 2012, 5:05 PM ET) -- A proposed class of investors who lost billions when Bernie Madoff’s Ponzi scheme came crashing down asked the Second Circuit on Monday to reverse a lower court’s dismissal of their lawsuit, which alleged ...  

Irving Picard, the bankruptcy trustee in the Bernard Madoff case, exits the U.S. Bankruptcy Court in New York in this February 2, 2010 file photo. (REUTERS/Brendan McDermid/Files) Members of Bernard Madoff’s family were hit with an expanded $255.3 ...  

REUTERS - Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims. Irving Picard, the trustee seeking money for Madoff's ...  

(Reuters) - Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims. Irving Picard, the trustee seeking money for ...  

Banks should be on the hook, in part, for the Madoff affair as well, Ferguson argues. Many financial institutions refused to deal with Bernie Madoff, suspecting or knowing he was running a ponzi scheme. But rather than blowing the whistle on ...  

Blu-ray widescreen and DVD widescreen, 2010, unrated with photo montage of a dead body and blood from an implied suicide FOR THOSE expecting a deeper look into the inner-workings of Bernard Madoff’s $50-billion Ponzi scheme, this documentary by writer ...  

(Reuters) - Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims. Irving Picard, the trustee seeking money for Madoff's victims, said family members who worked at Bernard L. Madoff Investment Securities LLC were "completely derelict" in ensuring that the investment firm's operations were legal. The lawsuit adds...  

Law360, New York (May 15, 2012, 11:11 PM ET) -- A New York federal judge on Tuesday agreed to review a slew of cases against Bernard Madoff feeder funds, as well as ABN Amro Bank (Ireland) Ltd., in order to consider tax and securities issues contained ...  

Irving Picard, the Baker & Hostetler LLP partner who serves as the trustee seeking money for Bernie Madoff's victims, is expanding his focus on the Madoff family. “Members of Bernard Madoff's family were hit with an expanded $255.3 million ...  

Union Bancaire Privée, the Swiss asset management and private banking group that was badly hit in the financial crisis by its investments with fraudster Bernard Madoff, has closed its London institutional funds after five years.  

Rochelle explains why the logic in a new decision by a federal district judge involving Bernard L. Madoff Investment Securities LLC and Refco Inc. could mean that thousands of rulings over the years by bankruptcy judges may not be binding.  

Famous celebrity jailbirds (PHOTOS); Bernard Madoff sentenced to 150 years. A 150-year prison sentence for investment fraud mastermind Bernard Madoff resulted from a decision not to compromise, the sentencing judge said. "Splitting the baby, to me, was ...  

Irving Picard, who said last year he hoped to pay investors in Bernard Madoff’s defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers. More than three years after Madoff’s epic swindle collapsed, Picard, the...  

The trustee liquidating Bernard L. Madoff Investment Securities Inc. revised ... Picard also is suing for $3 million that allegedly was transferred to the two women and to Susan Elkin, Mark Madoff's first wife. The revision was made possible ...  

The trustee liquidating Bernard L. Madoff Investment Securities revised a ... Picard also is suing for $3 million that allegedly was transferred to the two women and to Susan Elkin, Mark Madoff’s first wife.  

The trustee liquidating Bernard L. Madoff Investment Securities Inc. revised ... Picard also is suing for $3 million that allegedly was transferred to the two women and to Susan Elkin, Mark Madoff’s first wife. The revision was made possible ...  

U.S. District Judge Jed Rakoff, who is reviewing hundreds of lawsuits filed by the liquidator of Bernard Madoff’s firm, said he dismissed some claims against investors including James Greiff. In his ruling, Rakoff tossed claims by Madoff ...  

Bernie Madoff is alive in prison, but his extreme Ponzi scheme living has led to more and charges brought against other Ponzi schemes.  Now comes news that the Securities and Exchange Commission has charged two individuals “who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida.” The SEC [...]  

The profits were deemed fictitious because consistently high returns to investors spanning decades were simply made up by Madoff and some of his employees at Bernard L. Madoff Investment Securities LLC. The trustee said in a statement last ...  

ABN Amro Bank NV and investment funds sued by the liquidator of Bernard Madoff’s brokerage won a review of their cases from a district judge who may cut the amount of money the Madoff trustee can try to reclaim. U.S. District Judge Jed S.  

The liquidation of Bernard L. Madoff Investment Securities LLC gave a federal district judge an opportunity to explain why U.S. bankruptcy law stretches to the farthest corners of the globe, as Bloomberg Law's Lee Pacchia and Bloomberg News ...  

Irving Picard, who said last year he hoped to pay investors in Bernard Madoff’s defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers. For more from BostonGlobe.com, sign up or log ...  

This is a guest post from John Bascom, the author of Caine’s Pestilence. Caine’s Pestilence is a novel of drama, tragedy, triumph, and satire set in a future America firmly in the hands of the ultraliberals. This is one of its lessons ...  

Administrative costs to recoup monies from the Bernard Madoff Ponzi scheme have surpassed the amount returned to his customers, according to Bloomberg. Investors have been paid back about $330 million, compared to the $554 million in costs as of March 31.  

“I was inspired by the Bernard Madoff financial scandal and by the revelation that Elie Wiesel was one of the victims in Madoff’s Ponzi scheme,” says Margolin, a performance artist and playwright as well as a professor at Yale Universit  

In the sprawling litigation to recover money related to Bernard Madoff’s fraud, a federal judge said he would decide whether a 2011 US Supreme Court ruling prevents a bankruptcy court from resolving hundreds of lawsuits brought by the Madoff firm’s trustee. Defendants in those cases have sought to...  

Business news from around the Web: Shelving austerity for growth poses big risks in Europe (Fox) Chrysler recalling 119,000 cars due to potential brake problems (CNN) Jury says Google infringed on Oracle's Java copyrights (Reuters) Madoff trustee now wants $255 million from family (Reuters) Mobile phones may start getting much pricier (Fox) Heirs of Pepsi formula developer sue company (USA Today)  

Law360, New York (April 30, 2012, 8:30 PM ET) -- A New York federal judge on Monday nixed all of Bernard L. Madoff Investment Securities LLC bankruptcy trustee Irving Picard's claims except those for those based on fraudulent intent in four clawback suits ...  

It’s not unlike the scam run by Bernard Madoff, but on a smaller scale, that collapsed with investors losing billions and Madoff going to prison. Attorneys for the defendants — Donna Bello, 55, named as the ringleader, Jill Platt ...  

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.  

The liquidator of Bernard Madoff’s firm withdrew a notice of appeal of a court ruling that tossed most of his $59 billion in claims against UniCredit SpA (UCG), Sonja Kohn and other defendants, leaving in place earlier appeals seeking to ...  

GMB Capital was in fact investing with other funds, including Bernard Madoff's $20 billion ponzi scheme, according to Bloomberg. Madoff, 73, is now serving a 150-year sentence in a North Carolina federal prison. The government alleges the ...  

The trustee representing victims of Bernard Madoff’s Ponzi scheme is now seeking $255.3 million from the investment advisor’s family. Irving H. Picard is expanding an existing lawsuit to also include three of Madoff’s sons' spouses. The suit claims ...  

Irving Picard, who said last year he hoped to pay investors in Bernard Madoff's defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers.More than three years after Madoff's epic swindle collapsed, Picard,....  

Cosmo was called a “mini-Madoff” because he was arrested in January 2009, just weeks after the billion-dollar swindler Bernard Madoff was arrested in New York City. Unlike Madoff, who admitted cheating charities, celebrities and ...  

Law360, New York (April 19, 2012, 6:56 PM ET) -- The liquidating trustee for Bernard Madoff's investment company on Thursday sued Access Management Luxembourg SA, a third-party plaintiff in an action in Luxembourg against the trustee, seeking to keep it ...  

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.  

Madoff Investment Securities LLC. The trustee said in a statement last October that if the New York Mets decision was upheld under appeal and applied to other litigation, Picard's team of lawyers could be precluded from seeking about $2.6 billion in ...  

May 22 (Reuters) - The founder of a hedge fund was found on Tuesday to have defrauded his former partners and was ordered to pay them $35 million in a case described by one lawyer as a "mini-Madoff." James Crombie, a one-time JPMorgan Chase & Co ...  

Law360, New York (April 26, 2012, 10:12 PM ET) -- The liquidating trustee for Bernard L. Madoff Investment Securities LLC on Thursday sued Standard Chartered Financial Services SA to recover the nearly $330 million in BLMIS customer assets it allegedly ...  

RATING: (POLITE APPLAUSE)Chasing Madoff This documentary focuses on the long and futile attempt by whistle-blower Harry Markopolos to alert authorities to Bernard Madoff's Ponzi scheme. The Securities and Exchange Commission failed to take action, and Madoff...  

The trustee seeking money for victims of Bernard Madoff's Ponzi scheme ... The judge said the trustee could not pursue similar claims against Susan Elkin, Mark Madoff's first wife, because they took place too long ago. The trustee had sought to recover ...  

Twelve years after defrauding their friends, family members and acquaintances out of millions, the mini-Madoffs have finally been dragged to jail. During the 1990s Nelson Grant Hallahan and his wife Janet convinced nearly everyone they knew to invest in a tanning salon they owned in Illinois, promising ten percent returns on investments. Unbeknownst to the investors, they’d long sold the salon and were using newly collected money to...  

widowed wife to Mark Madoff, who committed suicide in 2010. Picard is seeking to recover $43 million and $33 million from these women respectively, alleging that they illegally used funds from Bernard L. Madoff Investment Securities LLC for personal use.  

BOSTON (Reuters) - A father and son hedge fund team that wooed clients with its ties to the Massachusetts Institute of Technology but then put some money into Bernard Madoff's Ponzi scheme will pay $4.8 million to settle charges they lied about ...  

ALBANY, N.Y. (AP) -- New York's top court says a divorced Manhattan lawyer is stuck with his losses from an investment with disgraced financier Bernard Madoff that tanked two years after his divorce settlement. The Court of Appeals has rejected ...  

Madoff Investment Securities Llc were "completely derelict" in ensuring that the investment firm's... Content Preview This content is exclusive for Newsday digital access and 7-day home delivery subscribers and Optimum Online ® customers.  

Bernard L Madoff ran the biggest Ponzi scheme in history, operating it for 30 years and causing cash losses of $19.5bn. Shortly after the scheme collapsed and Madoff confessed in 2008, evidence began to surface that for years, major banks had suspected he ...  

The trustee liquidating Bernard Madoff’s defunct firm sued Standard Chartered Financial Services (Luxembourg) SA to recoup about $329.7 million allegedly received from the so-called feeder fund Fairfield Sentry Ltd. Irving Picard, the trustee ...  

Bernard Madoff feeder fund mogul J. Ezra Merkin has paid more than $1.6 million fighting a $1.75 million arbitration award—but the double down busted yesterday when a New York appeals court rejected his bid to have that award junked.  

The scheme came crashing down just weeks after Bernard Madoff’s $64 billion dollar fraud was exposed, earning Cosmo the nickname “The Mini-Madoff.” On Jan. 26, 2009, FBI agents and U.S. Postal Inspectors raided Agape World headquarters, carrying out ...  

Law360, New York (May 18, 2012, 3:22 PM ET) -- An investor who poured $60 million into a Madoff feeder fund on Friday lost an appeal in the Second Circuit seeking to revive claims that the fund's auditor, PricewaterhouseCoopers LLP, knew about but failed ...  

U.S. District Judge Jed Rakoff gave bad news to customers of Bernard L. Madoff Investment Securities Inc. when he wrote an opinion saying they can't escape from paying back profits taken out two year before bankruptcy, as Bloomberg Law's Lee ...  

Irving Picard, who said last year he hoped to pay investors in Bernard Madoff’s defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers. More than three years after Madoff’s epic ...  

In the sprawling litigation to recover money related to Bernard Madoff's fraud, a federal judge said he would decide whether a 2011 U.S. Supreme Court ruling prevents a bankruptcy court from resolving hundreds of lawsuits brought by the Madoff firm's trustee.  

Investigators have compared Piccoli to Bernard Madoff, the Manhattan scam artist who stole billions from investors and is now serving a 150-year prison term. Piccoli was arrested in January 2009 after an undercover investigation by the U.S ...  

Law360, New York (May 18, 2012, 3:22 PM ET) -- An investor who poured $60 million into a Madoff feeder fund on Friday lost an appeal in the Second Circuit seeking to revive claims that the fund's auditor, PricewaterhouseCoopers LLP, knew about but failed ...  

Geneen Roth was a successful author before she received what she now dubs "the call." The call brought news that the financial adviser to whom she had entrusted her and her husband's life savings was a fraud. They had been ripped off by Bernie ...  

(Bloomberg News) Irving Picard, who said last year he hoped to pay investors in Bernard Madoff’s defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers. More than three years after Madoff’s ...  

Irving Picard, who said last year he hoped to pay investors in Bernard Madoff's defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers. More than three years after Madoff's epic swindle ...  

New York Times financial writer Diana Henriques was the first journalist to interview Bernie Madoff after the money manager was sentenced to 150 years in prison for his Ponzi scheme, and says she was struck that even behind bars, Madoff was a "fluent liar."  

NEW YORK, April 4 (Reuters) - The trustee seeking money for ... The trustee had sought to recover more than $255 million from Madoff's family, whom he said used the former Bernard L. Madoff Investment Securities LLC as a family "piggy bank."  

NEW YORK -- It had been months since Fred Wilpon last was with his longtime friend Bud Selig. The previous occasion was for the settlement that finally detached the Mets' from the Bernie Madoff Ponzi scheme. It was perhaps, in retrospect, a ...  

Bernie Madoff went to prison for his lifelong Ponzi scheme. Our elected officials simply return to Washington. The Ponzi scheme the Federal Government is perpetrating is the second largest ever, behind only Madoff's. Is no one paying attention?Contributor: Dave WeaverPublished: May 02, 2012  

Lives were shattered and fortunes ruined. After confessing to his crimes, Bernie Madoff received the maximum sentence: 150 years in prison. With exclusive interviews, American Greed goes behind bars to reveal the inside story of Madoff’s life at Butner ...  

Bernard Madoff isn't the type of monster you think he is -- and that's dangerous. Madoff owned homes in Florida, Manhattan, and southern France. He belonged to the exclusive Palm Beach Country Club, and he owned an 89-foot yacht. Most of the ...  

Duncan didn’t take kindly to Thomson’s allegations that the Liberal lunacy of killing the Slots at Racetrack Program was akin to Bernie Madoff’s stock market shenanigans. Duncan said that it was rich “Americans” like Thomson taking money out of ...  

The case is Securities Investor Protection Corporation v Bernard L. Madoff Investment Securities LLC, U.S. District Court for the Southern District of New York, No. 12-mc-0115. (Reporting By Grant McCool; Editing by Dan Grebler)  

Zames allegedly told a colleague about suspicions regarding Bernie Madoff some 18 months before his Ponzi scheme was revealed to the public. He also worked at Long Term Capital Management, the now-infamous hedge fund comprised of top academics and Nobel ...  

Nadel went on a two-week, cross-country trip before he surrendered and worried he would be dubbed a "mini-Madoff," a reference to Ponzi king Bernard Madoff. At his attorney's request, Nadel was sent to the same prison where Madoff is serving a ...  

Convicted Ponzi peddler Bernard Madoff thought the best way to avoid detection from  regulators was to join their elite ranks. Madoff served as vice chairman and a member of the board for the current day Financial Industry Regulatory Authority ...  

NewsdayPicard sues Madoff sons' wivesNew York PostThe revised complaint adds Stephanie Mack, Mark Madoff's widow, and Deborah Madoff, Andrew Madoff's wife, as defendants on $54.5 million in claims for unjust enrichment. Picard also is suing for $3 million that allegedly was transferred to the two ...Madoff trustee now seeks $255 mln from familyReutersall 54 news articles »  

Madoff Investment Securities LLC to address whether the U.S. Supreme Court’s ruling in Stern v. Marshall prevents the bankruptcy court from resolving the trustee’s claims. U.S. District Judge Jed Rakoff removed to district court any of Madoff trustee ...  

Thomson Reuters News & InsightAnna Nicole Smith meets Bernie Madoff: What has Rakoff wrought?Thomson Reuters News & InsightMarshall, better known as the Anna Nicole Smith case, on the bankruptcy of Ponzi schemer Bernard Madoff's brokerage. Rakoff ordered a consolidated proceeding to decide whether, under Stern, about 340 clawback and fraudulent conveyance cases filed by ...Rakoff Thwarts Madoff Trustee Quest for New JudgeBusinessWeekall 3 news...  

Tax Time 2011Doing your tax doesn't need to be daunting! Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. It wasn’t greed that motivated Bernie Madoff. It was something far more dangerous ...  

The widow of Bernie Madoff's son who hanged himself was being sued for millions by victims of her father-in-law's Ponzi scheme. Stephanie Mack, Mark Madoff's widow, was just one of a list of family members hit with an expanded $255.3 million lawsuit ...  

The revised complaint adds Stephanie Mack, Mark Madoff’s widow, and Deborah Madoff, Andrew Madoff’s wife, as defendants on $54.5 million in claims for unjust enrichment. Picard also is suing for $3 million that allegedly was transferred to the two ...  

Arthur Nadel was dubbed by some as the “mini Madoff” when he was arrested in 2009, about a month after convicted Ponzi schemer Bernard Madoff’s fraud came to light. In 2010, Nadel pleaded guilty to 15 federal fraud charges and was ...  

Above all, his using a presidential run as a forum for down-market adultery showed contempt for the political process. Those things are not necessarily illegal. Taking political donations from rich benefactors to keep one's mistress comfy would be.  

Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal prosecutors said.  

We think that because Bernie Madoff is in jail the world is safe for investors. Retirees think so and are looking for ways to produce income from savings. Scammers know this and think up ways even Madoff ...  

Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested early Wednesday on charges that they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal prosecutors said.  

The hits keep on coming for the Bernie Madoff of the Bronx. State Attorney General Eric Schneiderman has filed a $35 million civil lawsuit against accused fraudster Robert (Bob) Van Zandt.  

TONOPAH, Ariz. -- Acting on a tip, U.S. marshals in Arizona put an end to an Illinois couple's life on the lam, a dozen years after they fled punishment for running a Ponzi scheme that targeted friends, the elderly, and even family members, authorities said.  

In December of 2008, within days of Bernie Madoff's apprehension, New York attorney Marc Dreier was charged with eight counts of fraud and money laundering, bringing to light a scheme that had cheated lenders and clients of more than $700 million. Although a far cry from Madoff's $65 billion swin...  

Cosmo was dubbed the "mini-Madoff" because his Ponzi scheme collapsed a short time after Bernie Madoff's $60 billion fraud came to light. The four suspects were expected to be arraigned later Wednesday. All four are charged with helping Cosmo and his Agape ...  

"Simply put, if the Family Defendants had been doing their jobs — honestly and faithfully — the Madoff Ponzi scheme might never have succeeded, or continued for so long," according to the complaint. Now Deborah Madoff, who sought a divorce ...  

Sandell, a freelance magazine writer and a memoirist writing about her own pathological liar father, spent hundreds of hours with the Madoff family for her book, which chronicled their struggle after  patriarch Bernard Madoff was caught running ...  

On Saturday in a small town west of Phoenix, Arizona, U.S. Marshals captured a Illinois couple convicted a dozen years earlier on charges of bank and mail fraud conspiracy charges and money laundering in connection with a Ponzi scheme. Grant and Janet Hallahan, known to U.S. Marshals as the "Mini Madoffs," ripped off over $1.2 million from family, friends and elderly victims with promises of high returns on bogus investments, including a...  

The one thing that might have allowed convicted felon Bernie Madoff to run his phony hedge-fund business even longer in the face of an eroding stock market is successful advertising. With his reputation – which was sterling right up to the moment it was tarnished – the public would have beaten a path to his door if Madoff had been allowed to roll out the general welcome mat as his crisis was coming to a head.  

Marc Dreier went to prison for twenty years for a fraud and swindle of $380 million which was overshadowed in the media at the time by the Bernie Madoff scandal. A new documentary Unraveled interviews him during his final 60 days of house arrest. Judging from the trailer, he remains remarkably unrepentant. [...]  

Wives Of Madoff Sons Face $57.5M Unjust Enrichment ClaimsLaw360 (subscription)Mark Madoff's widow Stephanie Mack, his ex-wife Susan Elkin, and Andrew Madoff's soon-to-be ex-wife Deborah Madoff are now among the defendants in a suit seeking $255 million from Madoff's family that trustee Irving Picard says belongs to Bernard L.  

According to the administration’s telling: c Obamacare will save taxpayers $200 billion in the Medicare program through 2016. c About 90 percent of these savings will be produced by lowering “excessive payments” to Medicare Advantage plans ...  

Bernie Madoff was the ultimate scum if you consider the size, time period and numbers of clients that his Ponzi scheme damaged.  It was billions of dollars lost.  There may be a new scum bag in the media over a Ponzi scheme that was targeting church congregations. The Securities and Exchange Commission has announced on [...]  

The three New York suspects were due to make initial court appearances ... Anthony Ciccone, 39, of Locust Valley, N.Y.; and Diane Kaylor, 36, of Bethpage. Their attorneys' names were not immediately known The four were account representatives ...  

A sentencing hearing was delayed for a 44-year-old man accused of swindling investors. Jason Stuebing, nicknamed Little Bernie Madoff because of his alleged Ponzi schemes, was due to be sentenced Monday after pleading guilty in March to one ...  

HSBC Holdings Plc (HSBA), UniCredit SpA (UCG), Merrill Lynch and hundreds of other defendants in lawsuits filed by the liquidator of Bernard Madoff’s defunct firm are finding that their best ally may be U.S. District Judge Jed S. Rakoff.  

Law360, New York (May 02, 2012, 6:24 PM ET) -- A Florida state appeals court on Wednesday remanded to a trial court KPMG LLP's arbitration request in a dispute over the accounting firm's audit of three funds that invested in Bernard L. Madoff's Ponzi ...  

POMONA - Two Diamond Bar women recently pleaded no contest to seven counts of securities fraud and were sentenced to three years in prison for fleecing seven people out of $590,000 in an investment scam involving milk and an elementary school PTA.  

Ezra Merkin’s bid to reverse a $1.76 million arbitration award over claims he funneled an elderly investor’s retirement funds into Bernard L. Madoff’s Ponzi scheme. A panel for a New York state appeals court unanimously backed a lower court’s ...  

— FREDERICK — Friends for Bernard L. “Bernie” Loar will be received at the Scarpelli Funeral Home, P.A., 108 Virginia Ave., Cumberland, (www.scarpellifh.com) on Saturday from 5 to 7:30 p.m. A memorial service will be conducted at the funeral home ...  

Cosmo was dubbed the "mini-Madoff" because his Ponzi scheme collapsed a short time after Bernie Madoff's $60 billion fraud came to light. The four suspects were expected to be arraigned later Wednesday. All four are charged with helping Cosmo ...  

Picard seeks recovery from Madoff wivesLexology (registration)Judge Burton Lifland of the US Bankruptcy Court is allowing Picard to implead Deborah Madoff, wife to (and soon-to-be divorcee of) Andrew Madoff, as well as Stephanie Mack, widowed wife to Mark Madoff, who committed suicide in 2010.and more »  

While so many were losing so much, what was Bernie Madoff thinking? And what might one of the world’s most respected Jews have to say to one of its most despised? That is the premise of Deb Margolin’s new play, “Imagining Madoff,” which ...  

Following the settlement last month between Fred Wilpon and his partners, owners of the New York Mets, and Irving Picard, trustee for the Bernie Madoff victims, avoiding a March 19 trial in which Picard was suing Wilpon and his partners for $386 million ...  

This will be a legislative scam on a bigger scale than Bernie Madoff. This is much more than giving ... The following interpretation comes from Nolan Cox of Valdosta, he says: These quotes make it clear that regional funds will be used and ...  

About $6.4 billion that Picard has won in settlements is being challenged in court and is not available for distribution, including his $5 billion settlement with the estate of Jeffry Picower. After a district judge upheld the deal in March, attorney ...  

Obama’s renewable energy plans are ... That’s good news for Obama, who seems more like Bernie Madoff than like Reagan. Remember Madoff? He ran a giant Ponzi scheme that cost his investors $18 billion. His fraud was perpetrated on thousands of people ...  

The most recent and notable settlement reached was on March 19, 2012 with New York Mets Owner, Fred Wilpon [Sterling Equities] and related partner [Saul Katz, New York Mets President] in the amount of $162 million dollars.  Sterling Equities had invested ...  

Acting on a tip, US marshals in Arizona put an end to an Illinois couple’s life on the lam, a dozen years after they fled punishment for running a Ponzi scheme that targeted friends, the elderly, and even family members.  

Unlike Madoff, who admitted cheating charities, celebrities and institutional investors out of billions, prosecutors said Cosmo's scheme targeted mainly blue-collar workers. The complaint unsealed Wednesday alleges the four pocketed huge commissions for ...  

(NEWSCHANNEL 3) - The trial for two men charged in an alleged Ponzi scheme is set to get underway today. Jeff Ripley and Danny Lee Vanliere are accused of scamming elderly victims in West Michigan out of $9 million. Prosecutors say they set up a bogus ...  

Katz, who had invested with convicted Ponzi scheme operator Bernard Madoff, reached a settlement of a lawsuit brought by the liquidator of Madoff’s firm. Related is run by Stephen M. Ross, owner of the National Football League’s Miami ...  

SANTA FE, N.M.. Dec. 11, 2010 -- Mark Madoff, 46, eldest son of convicted Wall Street scam-meister Bernie Madoff was found dead this morning. It looks like he killed himself. Now, two weeks before Christmas comes the ultimate test of Judeo-Christian ...  

Namely: The impossible situation that Green Bay Packers defensive end Anthony Hargrove found himself in during the NFL's investigation of the New ... as their bosses is like giving Bernie Madoff's secretary the same sentence as Madoff.  

(AP) CENTRAL ISLIP, N.Y. - Four associates of a New York businessman convicted in a $400 million Ponzi ... Anthony Ciccone, 39, of Locust Valley, N.Y.; and Diane Kaylor, 36, of Bethpage. Their attorneys’ names were not immediately known The four were ...  

TONOPAH, Ariz. -- Acting on a tip, U.S. marshals in Arizona put an end to an Illinois couple's life on the lam, a dozen years after they fled punishment for running a Ponzi scheme that targeted friends, the elderly, and even family members ...  

BUTNER, N.C. -- A Florida fraudster dubbed the "mini Madoff" has died in prison. Arthur Nadel died at the Federal Correction Complex in Butner, N.C., on Monday, the Federal Bureau of Prisons confirmed Tuesday. The bureau did not immediately provide ...  

Promising fat returns, Nadel and his business partners ripped off more than 400 investors for nearly $170 million, making this scam the biggest Ponzi scheme in southwest Florida history. That money fueled ... firm called Home Front Homes ...  

‘The 12 year run from justice of the Hallahans, also known as the 'Mini Madoffs', has come to an end,’ Mr Gonzales said. Nelson was living less than a mile away, and the show's organizers have said that his arrest was the 1,184th capture that came as a ...  

"The 12-year run from justice of the Hallahans, also known as the 'Mini Madoffs,' has come to an end," U.S. Marshal for Arizona David Gonzales said in a statement. "Their investment scams involving family, friends, and the elderly, ruined many lives."  

Ponzi schemer Bernie Madoff, not surprisingly, came in for a drubbing from Ajamie. One of Ajamie’s clients was a victim who lost a $5 million investment to Madoff even though he never met the man and Madoff’s office was unresponsive after ...  

(CBS/AP) CENTRAL ISLIP, N.Y. — The FBI has arrested four associates of a New York man convicted in a $400 million Ponzi scheme. Three men and one woman were arrested early Wednesday. Three of them were arrested on Long Island and a fourth was ...  

Matt Hershey, a supervisory deputy U.S. Marshal, said the Hallahans were living apart and were arrested at separate homes. The agency said it received ... Madoffs,' has come to an end," U.S. Marshal for Arizona David Gonzales said in a statement.  

The Securities and Exchange Commission has alleged that financial adviser Ephren Taylor scammed “over $11 million” from what was primarily “African-American churchgoers” in a giant Ponzi scheme which spanned across the United States.  

The trustee trying to recover funds on behalf of victims of Bernard Madoff's Ponzi scheme filed his final paperwork Friday in U.S. District court related to the settlement of the lawsuit. Essentially, Fred Wilpon and family agreed to repay $162 million in ...  

The Madoff scandal reflects both a failure of self-regulatory oversight and of the SEC's examination ... 90% of their assets are attributable to institutional and high net worth clients. Madoff's client list shows that he would easily have ...  

DUMMERSTON, Vt. - Even if it's true that we're all separated by a few degrees, I was still surprised to learn that I was connected to criminal financier Bernie Madoff. A few weeks ago, when I saw the picture of Madoff's high school in the New York Daily ...  

After being convicted of perpetrating more than $750 million in securities fraud, the former Manhattan attorney attempts to negotiate the conditions of his upcoming imprisonment. Although Bernie Madoff’s December 11, 2008 arrest made bigger headlines ...  

Excerpt from The Face That Launched A Thousand Lawsuits - Madoff's Legacy We are all familiar with Bernie Madoff, the once Wall Street mavin turned scoundrel who siphoned billions of dollars from innocent – and some, maybe not so innocent – investors ...  

"It is unbelievable. Goldman Sachs? No one has any criminal convictions. The whole new regulatory reform is a joke. The whole government is a Ponzi scheme." - Bernie Madoff What is your average person to do? The governments who purport to own them and take ...  

An associate of convicted Florida Ponzi scheme operator Scott Rothstein is seeking a lenient prison sentence because of her cooperation with investigators and low-level role in the $1.2 billion scam. A South Florida federal judge is scheduled ...  

Perez was previously sentenced to 10 years in prison and was ... A Marine was found dead Monday in a barracks room at Marine Corps Recruit Depot San Diego, base officials reported. A Marine was found dead Monday in a barracks room at Marine Corps Recruit ...  

FITCHBURG -- Heather Drummond made quick work of the competition, helping the St. Bernard's softball team lock up a spot in the district tournament with Saturday's 8-0 win over Douglas in Fitchburg. Drummond breezed through the first three innings, piling ...  

AS BERNARD Tomic takes the next step in his tennis education, the Australian teenager is also learning to manage the trappings of fame. A fast car, a glamorous woman and a pad in the playground of the seriously rich have already featured prominently in ...  

Covering circuit court cases, as I did for a year early in my journalism career, provided hours of boring testimony, but also a steady stream of real and heart-tugging emotion. I often found myself fascinated by the arguments of both sides, making it seem ...  

Bryan Franciosi singled to drive in catcher Nick Meza with the winning run the sixth inning for the host Bernardians (8-5), who edged the visiting Tigers (12-2) in Fitchburg. Reliever Brad Warren pitched two hitless, scoreless innings for the win, striking ...  

Covering circuit court cases, as I did for a year early in my journalism career, provided hours of boring testimony, but also a steady stream of real and heart-tugging emotion. I often found myself fascinated by the arguments of both sides, making it seem ...  

IndyCar CEO Randy Bernard is optimistic this year's Indianapolis 500 will have its traditional 33-car starting grid. He's also willing to lend a helping hand to make sure of it. Bernard tells The Associated Press his priority is making sure there is a full ...  

Mika, Bernard Age 81, of Hazelcrest, formerly of Poland, passed away peacefully on May 8, 2012 surrounded by his loving family. Bernard was a retired welder and veteran of the Polish Army. Survived by his beloved wife, Genowefa Mika; son, Ben (Halina) Mika ...  

The 2012 Halve Maen Award is granted to the past President and Founder of the Netherlands American Chamber of Commerce, Mr. Richard Sheinis and the outgoing President Mr. Bernard Vanderlande. PRLog (Press Release) - May 10, 2012 - The Halve Maen (Half Moon ...  

BERNARD Tomic has bounced back from his first round exit in Madrid to beat Santiago Giraldo of Colombia in his opening match at the Rome Masters. The Australian lost the first set before fighting back to defeat Giraldo 4-6 6-2 6-4 and move through to ...  

The London School of Economics has its fair share of notable Alumni - famous in business, international organisations and politics (for both good and bad reasons...) Cast that net even further however, and you will hear the tale of an LSE student, whose ...  

KROLL, BERNARD "BEN" Dad was called to the Lord on May 12 at age 84, after a quick bout with cancer, in Grand Rapids. Ben was preceded in death by wife Helen and son Randy, and is survived by son Michael (Diane), daughter Kathleen, grandchildren Jason ...  

On Friday, May 11, Program Benefactor Bernard M. Gordon '48, SM '49 awarded 42 students in the Gordon-MIT Engineering Leadership (GEL) Program Certificates of Engineering Leadership. Twenty students graduating from the GEL Year Two program earned Advanced ...  

Lucchetti, Bernard J. "Bud" Veteran of the Korean War. Beloved Husband of Amelia (nee Pellegrini); dear Father of Linda Vivona and the late Tim Lucchetti; Proud Papa of Mario and Dante Vivona and Great Papa of Christian and Dante II; fond Brother of Ann ...  

Justin Valliere tossed a five-hitter, striking out five, and Jack Costello doubled and homered as the Bernardians (9-5) topped the visiting Trojans (2-11). Joe McCullough had two hits and scored twice, and Nick Meza singled and tripled with two RBIs for St ...  

AUSTRALIAN teenager Bernard Tomic has gone down 6-3 6-3 to top-ranked Novak Djokovic as the Serb opened the defence of his Italian Open title in Rome. Coming off a quarter-final loss to fellow Serb Janko Tipsarevic on the blue clay at last week's Madrid ...  

Taylor was recruited as a defensive tackle, but quickly found himself switched to the offensive side of the ball and excelling there; by the middle of September, he had been installed at starting left guard, and never relinquished the role. Taylor's got ...  

The Queensland youngster, who reached a career-best clay quarter-final last weekend in Munich, lost 6-2 7-5 in less than 90 minutes on the blue clay of the Caja Magica. He will now go into next week's Masters 1000 in Rome, the final major stop before the ...  

Update: Pierce has agreed to terms with the Ravens, the Baltimore Sun reports. Recommendation: The 6-foot, 220-pound Pierce joins a backfield mix that includes Anthony Allen and Damien Berry behind undisputed starter Ray Rice. The team is looking to fill ...  

A year after 19-year-old Reut Bernard from Rishon Lezion volunteered to serve in the army, copies of the army newspaper Bamahane are scattered around her room, and she can smile. At age 14, Bernard's situation was completely different – she suffering ...  

MIDLAND – Jacob Bernard netted 22 points as the Mustangs defeated the Ravens 59-48 in Midland Marauders Spring Basketball League play May 10. In other CIS Division action, the Golden Bears fell 52-45 to the Voyageurs, with George Whittington contributing ...  

On Sunday, France put an end to Nicolas Sarkozy's presidency. Five years after electing him enthusiastically, the French decided they would rather have an "ordinary" president than an "extraordinary" one. In the best republican spirit, I congratulate ...  

BERNARD Tomic has bounced back from his first round exit in Madrid to beat Santiago Giraldo in his opening match at the Rome Masters. The Australian lost the first set to the Colombian before fighting back to defeat Giraldo 4-6 6-2 6-4. In women's play ...  

Although the NFL has been the U.S.'s most popular sport since the 1950s, the end is near. In fact, if you believe Baltimore Ravens strong safety Bernard Pollard, the end is very near. Pollard recently spoke on SportsRadio 610 in Houston where he didn't ...  

AS BERNARD Tomic takes the next step in his tennis education, the Gold Coast teenager is also learning to manage the trappings of fame. A fast car, a glamorous woman and a pad in the playground of the filthy rich have already featured prominently in Tomic ...  

BERNARD Clarence Bernard, Sr, entered into eternal rest on Saturday, May 5, 2012 at his residence. Beloved son of the late Albert and Sadie Bernard, Sr. Brother of Cheryl, Willie, Melvin and Andrew Bernard, Curley Aldor, Brian, Richele and Vickki Jackson ...  

SCHOOL BERNARD J. SCHOOL, age 95, went to be with the Lord Sunday, May 6, 2012. Beloved husband of 60 years to the late Mildred (nee Schlather); loving father of Ann Sims (Ronald), Carol Parkinson, Rose Marie Dugdale (James Jr.), John (Deborah), Cecilia ...  

The Queenslander has gained his first grand slam seeding at Roland Garros (No.25), as he aims for a first win at the French Open. He faces Austrian qualifier Andreas Haider-Maurer, the world No.154, in the first round. "It feels good," Tomic, 19, said of ...  

Aussie duo Sam Stosur and Bernard Tomic are tipped to have contrasting experiences at the upcoming French Open with online bookmaker sportsbet.com.au opening markets on what round they’ll be eliminated. A round of 16 exit for Stosur has been priced as ...  

I know enough to know that when someone starts a sentence with the words "In all due respect...," there's no great love coming forward. You know the tone. The same one that's used right before you hear something like "in my humble opinion." When I hear ...  

Of all the military veterans buried in La Salle County, it is likely only Celestin Bernard wore the splendid uniform of a member of Napoleon Bonaparte's person guard. The details of Bernard's service, and of how the Bernard family came to La Salle County ...  

Catcher Tom Paine and Dillon Braile (double) both went 2 for 3 and scored three times to propel the Warriors (10-7) past the Bernardians (9-6) in Upton. Brian St. Germain went 2 for 4 with two RBIs for Nipmuc, while Mike Root went 2 for 4 with two runs for ...  

CHALMETTE — A St. Bernard Parish commission is debating what to do with about 2,000 parish properties sold to the state by victims of Hurricane Katrina. A panel overseeing the properties will discuss what to do with the vacant lots at meetings this week.  

Of all the military veterans buried in La Salle County, it is likely only Celestin Bernard wore the splendid uniform of a member of Napoleon Bonaparte's person guard. The details of Bernard's service, and of how the Bernard family came to La Salle County ...  

The head of the Metropolitan Police has suggested there could be more drugs tests for employees at work, as part of attempts to discourage recreational users. Bernard Hogan-Howe made the suggestion as part of a wide ranging speech at the think-tank Policy ...  

The Curing Kids Cancer story is one that can’t help but touch your heart. It’s the story of a young boy – Killian Owen – who bravely fought Acute Lymphatic Cancer for four and a half years. Despite the best care and the love of those whose hearts ...  

Sean Maki (7 Ks) went the distance and allowed one run on two hits as the Bernardians (10-6) topped the Woolies (7-9) in Fitchburg. Maki also had two hits, including a double, an RBI and a run scored, while Jack Costello singled twice. Kyle Niemiec struck ...  

St. Bernard Parish President Dave Peralta says a museum dedicated to the history of sugar will be built inside an old jail. On Friday, Peralta announced plans to turn the Old Arabi Jail into the St. Bernard Parish Sugar Museum. The parish says the museum ...  

A new service for vulnerable children and their families was officially launched by the Metropolitan Police commissioner on Monday. Bernard Hogan-Howe visited the Wealdstone Centre, in High Street, Harrow, to launch the Multi-Agency Safeguarding Hub (MASH).  

—   Bernard Warmka, age 97, died Friday, May 18, 2012, at the Inpatient Hospice Care in Mason City, IA.   Funeral Mass will be held 11:00 A.M. Tuesday May 22, 2012 at the St Ignatius Catholic Church in Spring Valley with Father Steve Peterson officiating.  

One of the reasons state Sen. LARRY BOMKE, R-Springfield, didn’t seek a new term was because his insurance agency had merged with a regional firm that could handle larger enterprises. Well, the old Hollis, Neff & Bomke wasn’t large enough for one new ...  

Chalmette, La. - St. Bernard Parish President Dave Peralta blames mismanagement by Craig Taffaro's administration for recent layoffs. Pink slips went out to 44 parish employees Friday. Peralta says it was necessary to help cover a $5 to $6 million dollar ...  

QUEENSLAND teenager Bernard Tomic will be seeded for the first time at a grand slam tournament when he sets foot on the clay at Roland Garros for the French Open. World No.32 Tomic scraped into the seedings by the narrowest of rankings, with only 32 of the ...  

QUEENSLAND teenager Bernard Tomic will be seeded for the first time at a grand slam tournament when he sets foot on the clay at Roland Garros for the French Open. World No.32 Tomic scraped into the seedings by the narrowest of rankings, with only 32 of the ...  

NICE, France — Fifth-seeded Bernard Tomic of Australia and seventh-seeded Denis Istomin of Uzbekistan won Tuesday to reach the second round of the Open de Nice. Tomic beat Lukas Lacko of Slovakia 6-2, 6-3, breaking serve twice in each set. He next plays ...  

NICE, France (AP) Fifth-seeded Bernard Tomic of Australia and seventh-seeded Denis Istomin of Uzbekistan won Tuesday to reach the second round of the Open de Nice. Tomic beat Lukas Lacko of Slovakia 6-2, 6-3, breaking serve twice in each set. He next plays ...  

I know enough to know that when someone starts a sentence with the words "In all due respect ..." there's no great love coming forward. You know the tone. The same one that's used right before you hear something like "in my humble opinion." When I hear ...  

The St. Bernard Parish Housing, Redevelopment and Quality of Life Authority Commission today will host two town-hall meetings in the council chambers to discuss neighborhood covenants for Louisiana Land Trust properties. One from 10 a.m. to noon ...  

Bernard F. Johnson, 60, of Harrisburg, South Dakota, died unexpectedly Friday, May 18, 2012 during a fishing trip. Funeral services will be held on Tuesday, May 22, 2012 at 2:00 p.m. at Netherlands Reformed Congregation in Rock Valley, Iowa with ...  

St. Bernard Parish sheriff's deputies shot a man this afternoon after he allegedly tried to hit several deputies with his vehicle, in Arabi the St. Bernard Parish Sheriff's Office said. Investigators with the Sheriff's Office are at the scene in ...