Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Securities Investor Protection Corporation

Securities Investor Protection Corporation stories: 2 news summaries

 $534M Paid to Madoff 
 Victims; $4.5B to Go 

Trustee has recovered $1.4 billion in clawbacks, with more to come

Oct 28, 09 2:38 PM CDT
(Newser) - The government fund that insures brokerage firms has so far paid 1,368 victims of Bernie Madoff’s Ponzi scheme $534 million in reparations—more than it has paid out in all its previous liquidations combined, in its almost 40 years in existence. And it ain’t over, Madoff trustee... More »

MORE ABOUT:
Ponzi scheme • bank fraud • Bernard Madoff • Irving Picard • clawback • Securities Investor Protection Corporation • Jeffry Picower

(Newser) - The trustee liquidating Bernard Madoff’s companies said today the disgraced financier appears not to have purchased any securities for his clients for “perhaps as much as 13 years,” Bloomberg reports. It was “cash in and cash out,” Irving Picard said. "It was all just... More »

MORE ABOUT:
fraud • SEC • Ponzi scheme • defrauding investors • Bernard Madoff • Irving Picard • clawback • Securities Investor Protection Corporation

2 Stories


from our news partners