Bernard Madoff Bail Decision to be Appealed
Madoff to remain in his luxury Manhattan penthouse. U.S. prosecutors have said they will appeal a judge's decision yesterday that allows accused Ponzi schemer Bernard Madoff to remain in his luxury Manhattan penthouse on $10 million bail. The refusal by U.S. Magistrate Judge Ronald Ellis to revoke the former investment advisor's bail … [Read more...] about Bernard Madoff Bail Decision to be Appealed
Madoff Pleads Guilty to 11 Counts, Excludes Conspiracy Charge
Ponzi Scammer Will Plead Guilty. On the heels of Bernie Madoff’s attorney, Ira Sorkin, telling the Washington Post that there is a "fair expectation" that the accused Ponzi scammer will plead guilty tomorrow to cheating investors out of billions in savings, new details about the his plea have emerged. According to Bloomberg.com, … [Read more...] about Madoff Pleads Guilty to 11 Counts, Excludes Conspiracy Charge
Madoff’s Friend Profits Draw Attention
Liquidating Bernard Madoff’s Assets. Based on court papers, Irving Picard, the court-appointed trustee liquidating Bernard Madoff’s assets, is focusing on the 96-year-old Carl Shapiro, reports Newsday. Shapiro a philanthropist known for founding Kay Windsor, a women’s apparel firm, in 1939, is said to be almost blind in one eye, … [Read more...] about Madoff’s Friend Profits Draw Attention
