Investor Denied Recovery of Funds Transferred Before Ponzi Scheme Collapse
The claims of a Bernard Madoff investor. The claims of a Bernard Madoff investor who put money with the accused Ponzi schemer just days before his arrest will not take precedence over the claims of other Madoff clients, a court has ruled. According to The Wall Street Journal, a federal bankruptcy judge in Manhattan has dismissed a … [Read more...] about Investor Denied Recovery of Funds Transferred Before Ponzi Scheme Collapse
Bernard Madoff Ponzi Scheme Linked to SEC Official’s Departure
Madoff Scandal May Have Played a Role. The Bernard Madoff scandal may have played a role in the coming departure of a key Securities and Exchange Commission (SEC) official. According to Bloomberg.com, Lori Richards, director of the SEC's Office of Compliance Inspections and Examinations, was widely criticized for missing warning … [Read more...] about Bernard Madoff Ponzi Scheme Linked to SEC Official’s Departure
