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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

41 - 52 of 52 Stories | << Prev 1 2 3

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Madoff Laundered Money Overseas: Feds

Fraud extended to London, US says

Mar 12, 09 7:50 AM CDT
(Newser) - At least a quarter-billion dollars of client funds passed through Bernard Madoff's London operation in money-laundering maneuvers that involved the trading operation as well as the firm's investment-advisory arm, the US government alleges. Madoff's sons, who have denied involvement in the Ponzi scheme in which their father is about to... More »

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London • felony • money laundering • Ponzi scheme • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities

Madoff Family Members May Face Charges

Feds investigating 20 others; 'he's jerking everyone around'

Mar 10, 09 9:51 PM CDT
(Newser) - Bernie Madoff's guilty plea Thursday won't be the end of the story, the Daily Beast reports. The feds are investigating 20 possible co-conspirators, including family members, writes Lucinda Franks. Madoff wants to preserve money for his wife and kids, and keep them out of trouble. But sources say that several... More »

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money laundering • Ponzi scheme • defrauding investors • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities

 So Where 
 Did Madoff's 
 Wife Get $70M? 

Lawyers for scammed clients seek source
of Ruth's fortune

Mar 4, 09 7:30 AM CST
(Newser) - Lawyers representing some of Bernie Madoff’s victims are stumped by his legal team's claim that $70 million of his wife’s assets have nothing to do with his scam, Reuters reports. So far Ruth Madoff—who hasn't been charged with a crime—hasn't had to detail the source of... More »

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

Madoff Lawyer Hit by Death Threats

Accused swindler may have hid money under attorney's name

Mar 4, 09 2:19 AM CST
(Newser) - Bernard Madoff's criminal defense lawyer has received several death threats amid more than a dozen emails of a "cursing and screaming" nature, sources tell ABC. "I deeply regret that the Sorkin family did not perish in the Nazi death camps," said one angry email sent to Ira... More »

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death threats • lawyer • Ponzi scheme • attorney • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities

Ruth Madoff
in Court Battle
to Keep $70M

Lawyers argue wife's assets have nothing
to do with scam

Mar 3, 09 3:33 AM CST
(Newser) - Ruth Madoff is battling in court to hang onto $70 million in assets she claims have nothing to do with her husband's alleged $50 billion scam. Lawyers for the Madoffs are seeking to protect the assets—including $17 million in cash, $45 million in bonds, and the $7 million Manhattan... More »

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

SEC Overlooked Stanford Fraud in 2003

Former employee warned agency, others
of 'Ponzi scheme'

Feb 27, 09 9:49 AM CST
(Newser) - A former employee of Sir Allen Stanford warned the SEC in 2003 of an “illegal Ponzi scheme” involving his firms, but regulators brushed off the allegations, the Financial Times reports. The whistleblower also told another regulatory body that one of Stanford’s companies was “engaged in a Ponzi... More »

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fraud • SEC • Ponzi scheme • whistleblower • Bernard Madoff • NASD • Financial Industry Regulatory Authority • Bernard L. Madoff Investment Securities • Stanford Financial Group • Robert Allen Stanford

Madoff Grandkids May Change Name 

It's not easy being related to a Ponzi schemer

Feb 2, 09 8:57 AM CST
(Newser) - What to do if you’re the innocent grandchild of a Ponzi schemer, feeling the public backlash at your ritzy uptown prep school? Change your name—at least, that’s what the family of Bernie Madoff is considering for his grandkids, the New York Post reports. Good luck, little Madoffs—... More »

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fraud • Ponzi scheme • name change • Bernard Madoff • Bernard L. Madoff Investment Securities

Bank Dumped Madoff Funds— but Didn't Tell
Its Clients

JPMorgan beat scam while investors lost out

Jan 29, 09 6:00 AM CST
(Newser) - JPMorgan Chase emerged from Bernie Madoff's Ponzi scheme unscathed, but some of the bank's clients weren't so lucky. For years the bank offered its clients derivatives that were ultimately linked to Madoff, and also put $250 million in those funds. But a joint investigation by the New York Times and... More »

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Ponzi scheme • JPMorgan Chase • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • recession depression

Tough Economy Bares
a Slew of 'Mini-Madoffs'

Investors increasingly are becoming wary

Jan 28, 09 7:18 AM CST
(Newser) - Cash-strapped investors looking for redemption from investment funds are turning up surprises in the form of “mini-Madoffs,” Ponzi schemes that—while dwarfed by the alleged $50 billion fraud perpetrated by Bernie Madoff—nevertheless have taken victims for millions, reports the New York Times. At least six frauds with... More »

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SEC • Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities • recession depression

 Spanish Bank 
 Offers $1.82B to 
 Madoff Victims 

The make-good may prompt other banks to offer compensation to fleeced clients

Jan 28, 09 6:43 AM CST
(Newser) - Spanish banking giant Banco Santander, whose clients lost nearly $3.1 billion in Bernard Madoff’s Ponzi scheme, has offered to pay back customers some $1.82 billion, reports Bloomberg. The bank is facing a lawsuit in US federal court, filed by investors who say it failed to exercise due... More »

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Banco Santander • Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities

 Zsa Zsa Lost 
 Millions to Madoff 

Madoff not so 'darling' to actress, 91, who's out up tp $10M

Jan 25, 09 4:51 AM CST
(Newser) - Actress Zsa Zsa Gabor has lost as much as $10 million to accused Ponzi scheme swindler Bernard Madoff, Reuters reports. The actress, 91, is not taking the recently discovered losses well, according to her lawyer. The Hungarian-born cinematic darling of the 1950s and '60s— who chalked up a string of... More »

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Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Zsa Zsa Gabor • recession depression

 Madoff Fund Made No Trades 

Records of trades don't match stock prices

Jan 16, 09 2:35 AM CST
(Newser) - The fund run by Wall Street swindler Bernie Madoff apparently did not execute a single trade the entire time it was raking in billions of dollars in investment cash from unsuspecting clients, reports Reuters. Monthly statements of trades from Madoff were pure fiction that kept up appearances in the $50... More »

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Microsoft • SEC • Amgen • Exxon Mobil • Bernard Madoff • Financial Industry Regulatory Authority • Bernard L. Madoff Investment Securities • Rampart Investment Management

41 - 52 of 52 Stories | << Prev 1 2 3


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