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Bernie Madoff News

News about Bernie Madoff continually updated from thousands of sources around the net.

9 hrs ago | Reuters

U.S. judge won't overturn convictions of five ex-Madoff employees

The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

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14 hrs ago | The Washington Post

Ex-Merrill Chief Steffens Cleared by Jury Over Madoff Losses

Former Merrill Lynch & Co. brokerage chief John "Launny" Steffens and his investment firm Spring Mountain Capital LP were cleared by a jury in a trial over a customer's losses in Bernard Madoff's $17.5 billion fraud.

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Related Topix: Portland, ME, Business News

Wed Jul 23, 2014

JD Supra

U.S. District Court Limits the Extraterritorial Application of U.S....

On July 6, 2014, Judge Jed S. Rakoff, United States District Judge for the Southern District of New York, declined to extend the reaches of section 550 of the Bankruptcy Code abroad to permit the recovery of funds that were alleged to be fraudulently obtained by Bernard L. Madoff Investment Securities LLC in connection with Bernard Madoff's Ponzi ... (more)

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Related Topix: Economics News, Bankruptcy, Financial Services, Bernard L Madoff Investment Securities, Investment Services

Forward

Bernie Madoff Judge Scammed by Fake 'Bio-Electric Scanners' Motion

Now he may be the victim of a forgery himself, after a U.S. judge on Wednesday denied a bizarre motion supposedly filed by Madoff that claimed the U.S. intelligence agencies used "bio-electric sensors" to influence the case against him.

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Related Topix: Second Circuit Court of Appeals, US News, Israel, World News, Middle East

Reuters

U.S. judge dismisses suit claiming JPMorgan knew of Madoff fraud

A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

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Related Topix: Banking, JP Morgan Chase , Federal Prisons, Prison, Jacksonville, IL

Tue Jul 22, 2014

Seeking Alpha

Synopsis: Bill Ackman's Herbalife Presentation-Round 2

Pershing Square Founder and CEO, Bill Ackman, has taken the offensive once again in his billion dollar short of Herbalife .

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Related Topix: Marketing, Queens, NY, New York, NY

Investopedia

OMG, I Think I've Been Scammed

Americans lose an estimated $40 billion to $50 billion a year to investment scams, according to the Financial Fraud Research Center.

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Related Topix: Criminal Defense Law, Law

Mon Jul 21, 2014

The Advocate

Court rules Stanford victims cana t get protection agency funds

The Securities Investor Protection Corp.'s emergency fund is not available to people who were fleeced of billions of dollars by Houston swindler Robert Allen Stanford, an appellate court has ruled.

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Related Topix: District of Columbia Circuit Court of Appeals, US News

CNN

Zelizer: Are Democrats afraid of the inequality issue?

In the early 20th century, industrial tycoons like the Rockefellers and Carnegies amassed fortunes in railroads, steel or oil.

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Related Topix: Lawrence Ellison, Home, Mortgage, Personal Finance, Opinion

Philly.com

Lesson from Madoff: Avoid family-run investment firms

Looking for some sleazy beach reading? Here's a tale of a whole family ripping off investors: Bernie Madoff and his sons are back in the news.

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Fri Jul 18, 2014

Reuters

RPT-Maddoff associates should get 'significant' time -prosecutors

Five former employees of disgraced investment manager Bernard Madoff should be sentenced to "significant" prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday.

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Related Topix: Criminal Defense Law, Law

On Wall Street

New Boost for RIA Exam Funding Bill

Legislation to step up the frequency of SEC examinations of investment advisors received a boost, winning its first Republican endorsement from Rep. Spencer Bachus on Thursday.

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Related Topix: US News, US Politics, Republican, US House of Representatives, Spencer Bachus, Jeb Hensarling, Democrat, Maxine Waters

Thu Jul 17, 2014

Housing Wire

Madoff sons accused of role in Ponzi scheme

The Ponzi scheme perpetrated by Bernie Madoff is back in the news. According to a court-appointed trustee, Madofff's sons created accounts out of thin air and engineered sham loans to buy Manhattan real estate as they diverted tens of millions of dollars from their father's firm.

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Related Topix: Financial Services, Bernard L Madoff Investment Securities, Investment Services

Bloomberg

JPMorgan's Dimon Gets $37 Million of Crisis-Era Options

JPMorgan Chase will let Jamie Dimon collect about $37 million in stock options created during the financial crisis, as the board stands by its leader after risk-management lapses and billions of dollars in legal settlements.

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Related Topix: Banking, JP Morgan Chase , US News

Wed Jul 16, 2014

New York Daily News

Madoff's sons knew about scheme: lawsuit

The lawsuit seeks to recoup $153 million from Andrew Madoff, the estate of his older brother, Mark, and Mark's widow, Stephanie Mack.

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KFVS12

OMG, I think I've been scammed

Americans lose an estimated $40 billion to $50 billion a year to investment scams, according to the Financial Fraud Research Center.

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Related Topix: Criminal Defense Law, Law

Tue Jul 15, 2014

Brandon Sun

New lawsuit claims Madoff's 2 sons knew of the Ponzi scheme, and deleted emails in a coverup

The trustee trying to recover money for victims of Bernard Madoff says in a new lawsuit that Madoff's two sons knew of the Ponzi scheme and sought to cover up the fraud by deleting emails during a Securities and Exchange Commission probe.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Criminal Defense Law

The Miami Herald

Feds to refund about $50 million to Ponzi schemer Rothstein's victims

When everyone was crunching the staggering numbers after convicted Ponzi schemer Scott Rothstein stole more than $360 million from hundreds of investors, no one predicted they would be made whole.

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Related Topix: Economics News, Bankruptcy

JD Supra

Madoff Bankruptcy Decision Offers Protection for Foreign Investors

In re Madoff Securities Extends Morrison Framework to Prevent Avoidance of Purely Foreign Transfers under SIPA and the Bankruptcy Code - Applying the U.S. Supreme Court's landmark decision in Morrison v.

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Related Topix: Economics News, Bankruptcy, US News, US Supreme Court

Mon Jul 14, 2014

Fast Company

Here's The Truth About Lying At Work

Admit it. You've called in sick to work when you weren't officially down with the flu or some other contagious illness.

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Related Topix: Business News

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