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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Peter Madoff

Peter Madoff stories: 9 news summaries

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

Oct 2, 09 3:15 PM CDT
(Newser) - The trustee in the Bernie Madoff case, delivering on his threat to sue the imprisoned fraudster's relatives and co-workers, filed a $199 million lawsuit today in bankruptcy court. Rather than alleging that they knew about Bernie's Ponzi scheme, Irving Picard's complaint takes issue with the way brother Peter, sons Mark... More »

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fraud • federal prison • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Irving Picard • Peter Madoff • Andrew Madoff • Mark Madoff • Shana Madoff

Trustee Set to Gouge
Madoff's Sons, Brother

May ask for $50M of clients' cash back

Sep 2, 09 7:32 AM CDT
(Newser) - They're not accused of being in on the fix, but that's not stopping the court-appointed trustee of Bernard Madoff from going after the swindler’s sons and brother, CBS News reports. Trustee Irving Picard will file civil complaints against Mark, Andrew, and Peter Madoff and seek up to $50 million... More »

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scam • Ponzi scheme • civil lawsuits • Bernard Madoff • Peter Madoff • trustee • Andrew Madoff • Mark Madoff

Madoff: I Can't Believe They Didn't Catch Me

Gives first prison interview, and he's looking a little buff

Jul 28, 09 8:30 PM CDT
(Newser) - Prison life appears to be agreeing with Bernie Madoff. A lawyer who represents victims met with Madoff today and said he appears fit. "He looked pretty good and seems to be working out," said attorney Joseph Cotchett. "He looked a lot better than he has in some... More »

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fraud • Ponzi scheme • Bernard Madoff • Ruth Madoff • Peter Madoff • Andrew Madoff • Mark Madoff

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

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

Madoff Victims Trustee
Eyes Brother's Bucks

New focus on Peter as trustee seeks to compensate swindle victims

Apr 8, 09 4:43 AM CDT
(Newser) - A federal court official may seek to claw back any funds transferred by Bernard Madoff's swindle company to his brother, reports the New York Post. The new focus on Madoff's sibling, an officer in his firm, was revealed in a letter to an attorney representing a New York law... More »

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theft • scam • Ponzi scheme • Bernard Madoff • Ruth Madoff • Peter Madoff

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

Scammed Law Student Wins Freeze of Madoff Bro Funds

Peter Madoff had 'full knowledge' of scam, lawsuit charges

Mar 26, 09 3:48 AM CDT
(Newser) - A Brooklyn law student who lost a $500,000 inheritance in the Bernard Madoff scam has won a court order freezing the assets of the swindler's brother, reports Reuters. Peter Madoff was in charge the student's trust, which he invested in Madoff's s scheme. Peter Madoff was an executive officer... More »

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hedge fund • scam • Ponzi scheme • Bernard Madoff • Peter Madoff


 Madoff Brother 
 Eyed for Not 
 Reporting Scam 

Fraudster may have confessed to brother  before he told his sons

Jan 10, 09 6:39 AM CST
(Newser) - Bernard Madoff's brother learned that the Madoff fund was a huge scam the evening before the fraudster confessed to his sons, but he failed to inform authorities, insiders tell the New York Times. Peter Madoff, who worked closely with his older brother for decades, has not been charged with any... More »

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private equity • SEC • brother • Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff • Peter Madoff

9 Stories


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