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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: trustee

trustee stories: 4 news summaries

Only Half of Madoff's Clients Lost Money

The rest withdrew more than they invested, prosecutors say

Sep 23, 09 11:41 AM CDT
(AP) - Federal prosecutors said yesterday that a review of most accounts held by Bernard Madoff's customers when he was arrested shows that about half of the customers had not lost money because they withdrew more than they originally invested. That doesn't, however, take into account the loss of any money they... More »

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Ponzi scheme • securities fraud • Bernard Madoff • victim • trustee

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

Ruth Madoff May Not Keep Her $2.5M For Long

Victims can still sue swindler's wife to recoup losses

Jul 2, 09 11:05 AM CDT
(Newser) - When she leaves her Manhattan penthouse, Ruth Madoff will have a mere $2.5 million to her name—and she might not have that for long either, Newsday reports. Madoff’s deal with the government—in which she’ll gives up more than $80 million in assets, keeping just the... More »

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bankruptcy • lawsuit • Fairfield • Ponzi scheme • Bernard Madoff • Ruth Madoff • trustee • bankruptcy trustee

Judge Holds Madoff Assets for Feds

Holdings may go to government through criminal forfeiture

Apr 20, 09 6:19 PM CDT
(Newser) - A federal judge stopped Bernard Madoff's assets from moving into bankruptcy today, saying the government may claim them through criminal forfeiture because of Madoff's Ponzi scheme, Bloomberg reports. US District Judge Denny Chin blocked more than $100 million from being moved, a setback to investors who had won the right... More »

MORE ABOUT:
crime • Ponzi scheme • federal judges • criminal prosecution • U.S. Bankruptcy Court • Bernard Madoff • assets • trustee

4 Stories


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