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 ...  

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 ...  

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 ...  

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 ...  

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 ...  

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.  

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).  

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 ...  

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 ...  

PHILADELPHIA, May 23, 2012 (GLOBE NEWSWIRE) -- Law Offices Bernard M. Gross, P.C. filed a class action lawsuit in the United States District Court, Southern District of New York, 12cv4081, on behalf of all persons who purchased the common stock ...