Madoff To Stay Out of Jail For Now
Bernard Madoff Allowed to Stay in His Posh Manhattan. Bernard Madoff is going to be allowed to stay in his posh Manhattan while he awaits trial on charges of securities fraud. A Federal judge rejected a prosecution request to revoke the alleged Ponzi-schemer's $10 million bail today, but added more conditions to Madoff's … [Read more...] about Madoff To Stay Out of Jail For Now
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
Banco Santander Optimal Fund Clients Hit Hard by Madoff Fraud
Caught Up in the Bernard Madoff Ponzi Scheme Scandal. Banco Santander SA, one of the largest banks in Spain, has been caught up in the Bernard Madoff Ponzi scheme scandal. And now, Spanish authorities want to know what officials at Banco Santander knew about Madoff's alleged fraud, and when they knew it. Numerous individuals, … [Read more...] about Banco Santander Optimal Fund Clients Hit Hard by Madoff Fraud
Nadel Clients Return $120,000 to Trustee
The Liquidation of the Accused Ponzi Schemer’s Assets. Two clients of Arthur Nadel's hedge funds have turned over $120,000 to the trustee overseeing the liquidation of the accused Ponzi schemer's assets. Arthur Nadel was president of Scoop Management, a Sarasota, Florida based company which managed six private investment funds. … [Read more...] about Nadel Clients Return $120,000 to Trustee
All of Arthur Nadel’s Assets to Stay Frozen
To Access Some of the Accused Ponzi Schemer’s Assets. Arthur Nadel's lawyers have lost their bid to access some of the accused Ponzi schemer's assets. Last week, we reported that a Tampa Bay law firm representing Nadel in his criminal case said the former hedge fund manager owed it just over $93,000 in unpaid legal bills. The law … [Read more...] about All of Arthur Nadel’s Assets to Stay Frozen
Madoff Feeder Fund Faces Fraud Charges
Admitted Ponzi Schemer Bernard Madoff. Fairfield Greenwich Group, a hedge fund that invested with admitted Ponzi schemer Bernard Madoff, has been charged with fraud. According to The Wall Street Journal, the charges filed by the Massachusetts Secretary of State allege the company breached its fiduciary duty to clients by failing to … [Read more...] about Madoff Feeder Fund Faces Fraud Charges
Alleged Florida Swindler, Arthur Nadel, Given Continuance to Find New Representation
30 Days to Find a New Attorney. Arthur Nadel has been given 30 days to find a new attorney. According to CNBC, the accused Ponzi schemer was granted the 30-day continuance after a federal judge refused to allow him access to some of his frozen assets so that he could pay his criminal attorneys. Nadel owed the Florida law firm … [Read more...] about Alleged Florida Swindler, Arthur Nadel, Given Continuance to Find New Representation
