Madoff Middlemen Face Questions
' Middleman Who Convinced Investors. The investigation into the Bernard Madoff investment fraud is turning to "middlemen" who convinced investors to sink their money into Madoff's alleged Ponzi scheme. According to The Wall Street Journal, many of those at the center of the Madoff probe claim to be victims themselves, but … [Read more...] about Madoff Middlemen Face Questions
SEC Faces $1.7 Million Claim over Madoff Oversight Failures
Madoff Oversight Failures Investment Business. A Bernard Madoff investor has filed a claim against the Securities and Exchange Commission (SEC) for failing in its oversight of Madoff's investment business. According to Newsday, the administrative claim is seeking $1.7 million in damages from the SEC for allowing Madoff's alleged … [Read more...] about SEC Faces $1.7 Million Claim over Madoff Oversight Failures
Losses from Madoff Fraud May Affect Those Who Withdrew Funds
A result of the alleged investment fraud. Even investors who pulled their money out early could sustain substantial losses as a result of the alleged investment fraud committed by Bernard Madoff. According to a report on Reuters.com, those investors could ultimately be forced to turn over any profits they made from their Madoff … [Read more...] about Losses from Madoff Fraud May Affect Those Who Withdrew Funds
Bernard Madoff Mailed Cartier, Tiffany Watches, Other Expensive Jewelry to Family & Friends
To Have Bernard Madoff’s Bail Revoked. Prosecutors seeking to have Bernard Madoff's bail revoked have filed court papers detailing items he attempted to mail to his sons and others. Prosecutors contend that the alleged Ponzi schemer violated a court order not to dispose of any assets by mailing the valuables. If Madoff's bail is … [Read more...] about Bernard Madoff Mailed Cartier, Tiffany Watches, Other Expensive Jewelry to Family & Friends
Madoff Asset List to Be Filed Today
The Information Would Be Filed Today. Bernard Madoff will comply with a court order to furnish the Securities and Exchange Commission (SEC) with a list of his assets. According to Reuters, the accused Ponzi schemer's lawyer said the information would be filed today, in time for a Wednesday deadline. The 70-year-old Madoff was … [Read more...] about Madoff Asset List to Be Filed Today
Bernard Madoff Will Have to Face Investors on Thursday
He Pleads Guilty to Fraud Charges. Some of Bernard Madoff's investors want to be heard when he pleads guilty to fraud charges on Thursday. According to USA Today, federal prosecutors have heard from at least 25 investors who want a chance to tell Madoff how his alleged Ponzi scheme has forever altered their lives. Madoff - once a … [Read more...] about Bernard Madoff Will Have to Face Investors on Thursday
Madoff Trustee Sues Fund for Return of Money
Irving Picard, the Madoff Trustee. Irving Picard, the trustee brought in to liquidate Bernard L. Madoff’s Investment Securities LLC has sued Kingate Management Ltd. for $255 million transferred to the firm just prior to the alleged Ponzi scheme fell apart, reports Bloomberg News. Reuters reported that the transactions occurred last … [Read more...] about Madoff Trustee Sues Fund for Return of Money
