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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Bernard L. Madoff Investment Securities

Bernard L. Madoff Investment Securities stories: 52 news summaries

21 - 40 of 52 Stories | << Prev 1 2 3 Next >>

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10 More to Be Charged
in Madoff Scam

Source: Disgraced financier may get plenty of company during his century-and-half inside

Jun 30, 09 2:44 AM CDT
(Newser) - At least ten more people are likely to be charged as the probe into Bernard Madoff's massive fraud continues, an insider tells AP. The only other person charged so far has been Madoff's accountant. The source declined to say whether the other people likely to face federal charges are relatives... More »

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Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities

Brits Hit Court to Battle Yanks for Madoff Assets

UK liquidators have already seized $235K Aston Martin

Jun 8, 09 5:51 AM CDT
(Newser) - The Madoff liquidators are turning on each other, reports the Times of London. The trustees handling the London arm of the Ponzi schemer's imploded business recently seized several American assets, including a $235,000 vintage Aston Martin, that were acquired with London money. UK liquidators will argue tomorrow in a... More »

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bankruptcy • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Irving Picard • Madoff Securities International

Madoff Yanked $165M from London Branch Just Before Bust

Cash transferred to scammer vanished

Jun 7, 09 7:20 AM CDT
(Newser) - A month before he came clean on his Ponzi scheme, Bernie Madoff sold $165 million in UK bonds from his London office and the money disappeared, the Independent reports. Madoff ordered a director of the London arm to transfer the money to his New York office so Madoff could use... More »

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London • bonds • Britain • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities

Madoff Clients
to Get $100M
Back Soon

Funds address
fraction of 9,000
claims: trustee

May 14, 09 4:13 PM CDT
(Newser) - It's a start. Some of Bernie Madoff's clients will get back at least a portion of the money that he stole. Trustee Irving Picard says he expects to approve at least $100 million of investor claims—mere hundreds out of nearly 9,000 filed claims—by May 25, Bloomberg reports.... More »

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investors • lawsuit • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities • clawback

(Newser) - Operators of so-called feeder funds withdrew $12 billion from Bernie Madoff's accounts in the year before his arrest, nearly half of it in the final three months, reports the New York Times. The analysis of financial records offers hope that defrauded investors will be able to recoup at least some... More »

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fraud • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities

Madoff Victims' Advocate Sues Ezra Merkin

Trustee wants $558M back from feeder-fund withdrawals

May 8, 09 7:24 AM CDT
(Newser) - The trustee representing investors who lost their savings with Bernie Madoff is suing Ezra Merkin, the feeder-fund manager who withdrew $558 million from Madoff's shop before the collapse of his Ponzi scheme. Irving Picard, who is responsible for winding down Madoff's defunct company, alleges that Merkin should have known from... More »

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fraud • Ponzi scheme • GMAC • Bernard Madoff • Ezra Merkin • Bernard L. Madoff Investment Securities • Irving Picard

Madoff's $100K AmEx Bills
Point to  Rampant Abuse

Investors' money kept family living luxe

May 7, 09 10:02 AM CDT
(Newser) - Ponzi-schemer Bernard Madoff used investors’ money as a “personal piggy bank” to support family, as well as some staff, extravagances, ABC reports. Documents filed in New York bankruptcy court show that Ruth Madoff used the company card to purchase nearly $5,000 of clothing at Paris boutiques last January,... More »

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American Express • Ponzi scheme • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities • Peter Madoff • Andrew Madoff • Mark Madoff

 Secretary Dishes 
 About Madoff's 
 'Roving Eye' 

Inside details paint picture of lewd Ponzi schemer

May 6, 09 8:42 AM CDT
(Newser) - Bernie Madoff “was irresistible to women,” his longtime secretary says, and the confessed Ponzi schemer felt the same way about them, perusing escort ads and keeping “about a dozen phone numbers for his masseuses” in his address book. Eleanor Squillari reveals intimate details about her boss, including... More »

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sex • Ponzi scheme • masseuse • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities • Eleanor Squillari

investigation

Dirty-Dealing Madoff Was a Clean Freak

Ponzi schemer a Luddite who crawled on all fours to align rugs

Apr 24, 09 2:01 PM CDT
(Newser) - "Neat freak" may be one of the more polite epithets used to describe Bernie Madoff, who comes off as an obsessive-compulsive nut in a Fortune profile by James Bandler and Nicholas Varchaver. In immaculately tailored suits, he dusted furniture and got down on hands and knees to straighten rugs.... More »

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fraud • SEC • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • cleanliness

Madoff Investor Slapped With 1st Suit to Recover Gains

Trustee plans lawsuits all over the world

Apr 10, 09 8:06 AM CDT
(Newser) - The first of what may be many lawsuits aimed at clawing back money from investors who gained from the Bernie Madoff ponzi scheme has been filed, the Wall Street Journal reports. The trustee for defrauded investors, Irving Picard, yesterday filed suit against a Virgin Islands-based investor, Vizcaya Partners, which withdrew... More »

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Gibraltar • Virgin Islands • Bermuda • Bernard Madoff • Bernard L. Madoff Investment Securities • Irving Picard • Peter Madoff

(Newser) - While seizing Bernie Madoff's Palm Beach possessions yesterday, US Marshals got an eyeful of the fraudster's home furnishings, reports the Palm Beach Post. And they weren't impressed. "I've never seen so much bull in my life," said one deputy. "Pictures of bulls, bull statues, even bulls on... More »

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Florida • fraud • crime • bulls • Palm Beach • U.S. Marshals Service • Bernard Madoff • Bernard L. Madoff Investment Securities

Judge Kills Allowance for Madoff Bro

Rulings in response to lawsuits also extend freeze to feeder funds

Apr 1, 09 4:37 AM CDT
(Newser) - A appeals judge yesterday nixed a deal that gave Bernard Madoff brother Peter a $10,000 monthly allowance out of his frozen assets, reports the New York Daily News. The ruling, which came in response to a suit from a law student who lost his $500,000 inheritance, prevents him... More »

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Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities • Peter Madoff

Madoff 'Used London Office as Piggy Bank'

Brits considering charges against Madoff's UK employees

Mar 28, 09 4:35 AM CDT
(Newser) - British investigators believe Bernard Madoff's London operation played a central role in his Ponzi scheme, the Times of London reports. Authorities suspect the business was either "a cog in the giant washing machine" laundering Madoff's billions, his personal piggy bank, or both. Ruth Madoff received $2 million from Madoff's... More »

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London • Britain • Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities

Investors Hire Gumshoes to Snoop on Fund Managers

Fraud schemes prove boon to private eyes

Mar 23, 09 4:24 PM CDT
(Newser) - Investors are increasingly hiring private investigators to dig up dirt on fund managers in hopes of avoiding the next Madoff-style fraud, Bloomberg reports. Background checks are expensive—depending on the firm, they may cost $1,000 per company or individual investigated—and can take weeks, but investors say they are... More »

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fraud • background check • private investigator • Ponzi scheme • investor • defrauding investors • background checks • Bernard Madoff • Bernard L. Madoff Investment Securities • Arthur Nadel

 Madoff Accountant Faces 
 105 Years for Fraud 

He signed off on false books for years: feds

Mar 18, 09 12:26 PM CDT
(Newser) - Bernard Madoff's longtime accountant has been arrested and charged with securities fraud in the $64 billion Ponzi scheme, the New York Post reports. David Friehling, 49, is accused of helping Madoff dupe his investors and the Securities and Exchange Commission by filing fake audits. Friehling allegedly received $186,000 annually... More »

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fraud • Ponzi scheme • Ruth Madoff • Bernard L. Madoff Investment Securities • Securities and Exchange Commission • David Friehling

 Feds Go After Madoff's  
 Sons, Wife's Jewelry 

US seeks payback
of loans, along with gems, cufflinks

Mar 17, 09 8:16 PM CDT
(Newser) - The Madoff accounting continues. Authorities said today they intend to collect millions of dollars from Bernie's sons, about $2.6 million worth of his wife's jewelry, and 35 watches and cufflinks that belonged to the Ponzi schemer himself, the Daily News reports. Madoff lent son Mark $9.5 million, much... More »

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Ponzi scheme • jewelry • defrauding investors • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities • Andrew Madoff • Mark Madoff

 Madoff Lists $826M in Assets 

List reveals couple's homes, cash, luxury goods mostly in Ruth's name

Mar 14, 09 6:52 AM CDT
(Newser) - A list of the Madoffs' assets released yesterday falls a long way short of the tens of billions investors and prosecutors are looking for, the Wall Street Journal reports. A $700 million valuation for Bernard Madoff's investment business made up the bulk of the roughly $826 million in assets listed,... More »

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Ponzi scheme • securities fraud • asset forfeiture • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities

 Lawyer: Send Madoff Home  


Mar 13, 09 3:38 PM CDT
(Newser) - Bernard Madoff's lawyers appeared in court today to ask that the confessed Ponzi schemer be returned to his $7 million penthouse to await June sentencing on fraud charges. Federal prosecutors must now file a response and await an appeals court ruling, meaning the 70-year-old felon will spend at least the... More »

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fraud • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Ira Sorkin • Denny Kim

(AP) - Bernie Madoff's new Manhattan home is the size of a walk-in closet, with cinderblock walls, linoleum floors, and a bunk bed. Breakfast will be served before sunrise, and the disgraced financier can stretch his legs outside, but only every other day—in a cage. The Metropolitan Correctional Center took in... More »

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prison • guilty • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities • Bill Maher Grid

Madoff Profiteers Scramble From Threat of Clawbacks

New York law allows those who lost money to reclaim from those who gained

Mar 12, 09 10:40 AM CDT
(Newser) - The threat that authorities will seek to recoup profits reaped through their investments in Bernard Madoff’s Ponzi scheme have some investors hurrying to put those funds in hard-to-reach places, the Wall Street Journal reports, like homes, trusts or life-insurance policies. So-called “clawback” lawsuits could allow those who were... More »

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profits • lawsuit • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities • clawback • Bill Maher Grid

21 - 40 of 52 Stories | << Prev 1 2 3 Next >>


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