Madoff Trustee Granted Power of Attorney over UK Unit
The Trustee Charged With Liquidating Bernard Madoff’s Assets. A judge has granted the trustee charged with liquidating Bernard Madoff's assets power of attorney over a unit of his business in the United Kingdom. According to Bloomberg.com, the attorney for the trustee said that such authority over London-based Madoff Securities … [Read more...] about Madoff Trustee Granted Power of Attorney over UK Unit
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
Madoff Trustee Strikes Deal with Banco Santander
Madoff Trustee Deal With Spain’s Largest Bank. The Bernard Madoff trustee has reached a deal with Spain's largest bank regarding investments two of its hedge funds made with the admitted Ponzi schemer. According to a Bloomberg.com, Banco Santander will pay $235 million to trustee Irving Picard to avoid a lawsuit. Picard has recently … [Read more...] about Madoff Trustee Strikes Deal with Banco Santander
Madoff Trustee to Sue Sons, Other Relatives
Madoff Trustee Involved In The Scam. It seems everyone has been awaiting word on when the court-appointed trustee—Irving Picard—in the historic Bernard Madoff Ponzi scheme would go after other members of Bernard’s family. Duped investors, investigators, and virtually anyone who has read about the massive financial swindle has long … [Read more...] about Madoff Trustee to Sue Sons, Other Relatives
