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Stories in the category Madoff

Madoff trustee negotiates Picower payback

By A. James Memmott

November 12, 2009 at 10:20am

Jeffry 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 grave

By Carol Eisenberg

October 27, 2009 at 7:31am

Chalk 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-lived

By A. James Memmott

October 6, 2009 at 12:16pm

If Irving H. Picard has his way, Jeffry Picower may no longer be among the super rich.

Serena Boardman parlays network to sell Madoff penthouse

By Carol Eisenberg

September 16, 2009 at 7:50am

A 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 Madoff

By Carol Eisenberg

July 30, 2009 at 10:56am

Ruth 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 years

By Laurie Bennett

June 29, 2009 at 12:10pm

After 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 swindle

By Laurie Bennett

June 23, 2009 at 7:30am

The 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 funds

By Carol Eisenberg

May 19, 2009 at 3:26pm

The 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 funds

By Carol Eisenberg

May 19, 2009 at 1:02pm

Financier 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 wealth

By Carol Eisenberg

May 6, 2009 at 12:27pm

It 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.

Beverly Hills manager Stanley Chais sued by Madoff trustee

By Carol Eisenberg

May 5, 2009 at 11:29am

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 probe

By Carol Eisenberg

April 6, 2009 at 12:49pm

The 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 office

By Carol Eisenberg

March 27, 2009 at 2:05pm

British 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, 2009 at 12:36pm

The 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 too

By Carol Eisenberg

March 16, 2009 at 12:41pm

Authorities 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 guilty

By Carol Eisenberg

March 12, 2009 at 11:47am

Disgraced 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 questions

By Carol Eisenberg

March 11, 2009 at 12:46pm

Barring 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 tickets

By Carol Eisenberg

March 9, 2009 at 12:21pm

Annette 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 assets

By Carol Eisenberg

March 3, 2009 at 7:16am

The 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 brother

By Carol Eisenberg

February 26, 2009 at 10:23am

Relatives 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.



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