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Mapping the paths of power and influence
Mets owners have to pay Madoff investorsBy Laurie Bennett | March 6, 2012The Wilpon family, owners of the New York Mets, may have to repay millions of dollars to victims of Bernie Madoff, a federal judge ruled Monday. Another $1B recovered for Madoff investorsBy Laurie Bennett | July 28, 2011The trustee for Bernard Madoff investors has reached a $1 billion settlement with Tremont Group Holdings. Judges reject divorced husband’s argument about Madoff lossesBy Laurie Bennett | June 24, 2011New York’s highest court has turned down an ex-husband’s claim that his former spouse should have to share losses attributable to the Bernie Madoff Ponzi scheme. Banks buy up Madoff claimsBy Laurie Bennett | June 17, 2011The Madoff Ponzi scheme hasn’t finished its orbit. Hardship, as defined by NY law firm Paul, WeissBy Laurie Bennett | May 31, 2011There may never have been better advertising for Paul, Weiss, Rifkind, Wharton & Garrison than the divorce story published today in The New York Times. JPMorgan Chase expressed doubts about Madoff operationsBy Laurie Bennett | February 4, 2011JPMorgan Chase evidently forgot to send out an email about sending out emails. Mark Madoff’s father-in-law at center of another crisisBy A. James Memmott | December 12, 2010Martin London may be remembered, at least for a while, as the man who discovered the body Saturday of Bernard L. Madoff’s son Mark, the victim of an apparent suicide. Madoff trustee files last-minute suit against Austrian bankerBy Laurie Bennett | December 11, 2010The Madoff scam is giving the Medicis a bad name. Muck tracker - Madoff trustee sues JPMorgan ChaseBy Muckety | December 2, 2010The trustee trying recover funds for former Madoff investors has sued JPMorgan Chase & Co. for $6.4 billion, Reuters reports. Stanley Chais under criminal investigation for Madoff tiesBy A. James Memmott | December 13, 2009Stanley Chais, a money manager who funneled millions of dollars toward Bernard L. Madoff, is now the subject of a criminal investigation. Madoff trustee negotiates Picower paybackBy A. James Memmott | November 12, 2009Jeffry M. Picower died a very rich man last month in part because of returns on his investments with Ponzi scheme operator Bernard L. Madoff. Picower takes what he knows about Madoff fraud to the graveBy Carol Eisenberg | October 27, 2009Chalk up another tragic ending connected to Bernard Madoff’s con - and another door likely nailed shut for investigators. Picower’s spot on Forbes 400 may be short-livedBy A. James Memmott | October 6, 2009If Irving H. Picard has his way, Jeffry Picower may no longer be among the super rich. Serena Boardman parlays network to sell Madoff penthouseBy Carol Eisenberg | September 16, 2009A scion of one of the nation’s bluest, blue-blood families has been selected to sell off Bernard Madoff’s Upper Eastside penthouse. Bankruptcy trustee sues Ruth MadoffBy Carol Eisenberg | July 30, 2009Ruth Madoff may never be prosecuted in connection with her husband’s decades-long Ponzi scheme, but her days living “a life of splendor” could be over. Bernard Madoff gets maximum sentence of 150 yearsBy Laurie Bennett | June 29, 2009After telling a federal judge that he had no excuse for his actions, Bernard Madoff was sentenced Monday to 150 years in prison. Company and four individuals charged in Madoff swindleBy Laurie Bennett | June 23, 2009The SEC filed suit Monday against a New York company and four individuals, accusing them of feeding billions to Bernard Madoff’s Ponzi scheme. Madoff trustee sues Fairfield Greenwich to recover fundsBy Carol Eisenberg | May 19, 2009The court-appointed trustee of Bernard Madoff’s defunct firm is going after the millionaire middlemen who acted as witting or unwitting accomplices to Madoff’s $65 billion Ponzi scheme. J. Ezra Merkin to give up control over hedge fundsBy Carol Eisenberg | May 19, 2009Financier and philanthropist J. Ezra Merkin assented Tuesday to step down as manager of his hedge funds and to place them into receivership. Court-appointed trustee goes after Madoff family’s wealthBy Carol Eisenberg | May 6, 2009It looks like court-appointed Madoff trustee Irving Picard is going after the whole shebang: Not just Bernard Madoff’s Manhattan penthouse and home in the Hamptons, but also a good chunk of the wealth accumulated by family members. Jewish philanthropist Stanley Chais was one of Bernard Madoff’s earliest investors, steering tens of millions of dollars of other people’s money to the convicted swindler. J. Ezra Merkin sued for civil fraud in Madoff probeBy Carol Eisenberg | April 6, 2009The financier, philanthropist and former GMAC chairman who steered more than $2 billion of investors’ money into Bernard Madoff’s Ponzi scheme was sued Monday by New York Attorney General Andrew Cuomo. Ruth Madoff got $2M from husband’s UK officeBy Carol Eisenberg | March 27, 2009British investigators said Friday that Ruth Madoff got a $2 million payment from the London division of her husband’s securities firm just weeks before he was arrested for securities fraud. Is the noose tightening around Peter Madoff?By Carol Eisenberg | March 26, 2009The younger brother and business partner of convicted felon Bernard Madoff is under increasing scrutiny from investigators, as well as from victims of the $65 billion fraud. Feds to go after Ruth Madoff’s money tooBy Carol Eisenberg | March 16, 2009Authorities plan to go after more than $100 million in real estate, cash, art, autos, boats and other property owned by Ruth Madoff and her husband Bernard Madoff, who pleaded guilty last week to running the largest Ponzi scheme in history. Madoff ordered to jail after pleading guiltyBy Carol Eisenberg | March 12, 2009Disgraced Wall Street trader Bernard Madoff was sent to jail Thursday after pleading guilty to all 11 charges against him, and expressing shame and sorrow for bilking investors of nearly $65 billion. Charges against Madoff leave many unanswered questionsBy Carol Eisenberg | March 11, 2009Barring a change of heart, Bernard L. Madoff will plead guilty tomorrow to running a massive Ponzi scheme for at least a quarter century that defrauded thousands of people in virtually every corner of the globe. Madoff aide said to have ordered up fake trading ticketsBy Carol Eisenberg | March 9, 2009Annette Bongiorno, a longtime aide to accused swindler Bernard Madoff, allegedly instructed assistants to create bogus trading tickets which were used to mislead investors, according to the Wall Street Journal. Ruth Madoff seeks to keep NY penthouse, $62M in assetsBy Carol Eisenberg | March 3, 2009The wife of accused swindler Bernard Madoff argues that their $7 million Manhattan penthouse and an additional $62 million in assets belong to her. Sen. Lautenberg’s family sues Madoff’s brotherBy Carol Eisenberg | February 26, 2009Relatives of New Jersey Sen. Frank Lautenberg are pursuing a novel approach to try to recover millions they lost in Bernard Madoff’s alleged $50 billion Ponzi scheme. They’re suing his brother. Stanford’s ties to Madoff helped sink himBy Carol Eisenberg | February 22, 2009It was Bernard Madoff’s financial meltdown that helped implicate R. Allen Stanford, the flamboyant Texas billionaire accused of defrauding investors of $8 billion. Retired British officer commits suicide over Madoff lossesBy Carol Eisenberg | February 12, 2009Another swindled victim of Bernard L. Madoff has taken his life. ‘Bag Lady’ Penney spins Madoff losses into goldBy Carol Eisenberg | February 12, 2009The Bag Lady may get to keep her expensive jewelry and her West Palm Beach cottage after all. Ruth Madoff withdrew $15M before husband’s arrestBy Carol Eisenberg | February 11, 2009The wife of accused Wall Street swindler Bernard Madoff pulled millions out of a brokerage account only days before her husband was charged with securities fraud - including $10 million on the eve of his arrest, Massachusetts’ top securities regulator said Wednesday. Madoff agrees to partial settlement of civil caseBy Laurie Bennett | February 9, 2009Bernard Madoff and the Securities and Exchange Commission have agreed to a partial settlement of civil suit accusing Madoff of defrauding investors. The geography of the Madoff scamBy Laurie Bennett | February 6, 2009We’ve departed today from our tradition of drawing a Muckety map to accompany each story, choosing to instead show a Google map illustrating the geographic reach of the Bernard Madoff debacle. Madoff is made for HollywoodBy Laurie Bennett | February 5, 2009With the emergence of a hero yesterday on Capitol Hill, casting of Bernie Madoff the Movie would seem to be complete. Muck tracker - Madoff investigators find documents in Queens warehouseBy Muckety | January 29, 2009Investigators probing alleged swindler Bernard Madoff’s Ponzi scheme say they’ve discovered boxes loaded with documents from his firm stashed in a warehouse in Queens, the Associated Press reports. Economy, Madoff scam hit Harlem Children’s ZoneBy A. James Memmott | January 27, 2009A bad year for Wall Street and a bad year for Bernard L. Madoff is turning out to be a bad year for the Harlem Children’s Zone, a successful New York City education reform project. Cohmad Securities, Robert Jaffe face tough questions about Madoff tiesBy Carol Eisenberg | January 15, 2009Investigators probing Bernard Madoff’s alleged $50-billion scheme are looking at the role played by an investment firm that he co-founded with an old friend from Long Island that recruited hundreds of investors from New York, Boston and Florida. Are Madoff’s attorneys cutting a deal?By Carol Eisenberg | January 13, 2009Bernard Madoff may be negotiating a plea deal. Prosecutors say they found signed Madoff checks in office deskBy Carol Eisenberg | January 8, 2009Pursuing efforts to jail Bernard Madoff, federal prosecutors disclosed Thursday that investigators had found about 100 signed checks to friends and relatives, totaling more than $173 million, on the day of his arrest. Prosecutor: Madoff sent emeralds and diamonds to relatives, friendsBy Carol Eisenberg | January 7, 2009Bernard L. Madoff mailed Cartier and Tiffany watches, an emerald ring and a diamond necklace worth a total of at least $1 million to relatives and friends in violation of a court order, and should be immediately jailed because he is a flight risk, prosecutors said in court papers released Wednesday. After years of complaints about Madoff, Harry Markopolos is vindicatedBy Laurie Bennett | January 5, 2009Harry Markopolos is being called the Deep Throat of the Bernard Madoff scam. He describes himself as “the boy who cried wolf.” Even Dr. Doom invested with MadoffBy A. James Memmott | January 1, 2009Henry Kaufman, the Wall Street economist and investor legendary for his accurate predictions, wasn’t clairvoyant when it came to Bernard L. Madoff. Feds rescue GMAC despite Ezra Merkin’s leadershipBy Carol Eisenberg | December 31, 2008After spending half a lifetime being eclipsed by his famous father, J. Ezra Merkin is getting his 15 minutes of fame. We can connect that headline to Madoff in three linksBy Laurie Bennett | December 31, 2008The Bernard Madoff Ponzi scheme ranks as one of the most surprising and fascinating webs we’ve ever tracked. Madoff used social, family networks to rake in billionsBy Carol Eisenberg | December 28, 2008Could one man operate an alleged $50-billion Ponzi scheme without help from anyone else? French investor who lost $1.4B with Madoff kills himselfBy Carol Eisenberg | December 24, 2008The hedge fund executive who committed suicide in his 22nd-floor office on Madison Avenue was a blue-blood French aristocrat and champion yachtsman entrusted with the money of some of Europe’s wealthiest families. One Ponzi schemer eclipses anotherBy A. James Memmott | December 24, 2008What’s a Ponzi scheme got to do to get lasting respect? In October, Thomas J. Petters, a Minnesota businessman, was the talk of the business world for allegedly defrauding investors of $3 billion or more.
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