Irving Picard

In a jailhouse interview with the New York Times, Madoff pointed to a failure by banks and hedge funds to investigate when his filings with the Securities and Exchange Commission didn't jibe with information that they could have obtained. And he still says he acted alone.

Mark Madoff may be dead, but the litigation against him isn't going away anytime soon. Last week, a court-appointed trustee sued Mark Madoff along with two of his siblings, saying they had used ill-gotten gains from their father's fraud. On Saturday morning, Mark Madoff, 46, was found hanged...

Irving Picard, the trustee trying to recover money on behalf of the victims of Bernie Madoff, said he filed lawsuits against seven global banks seeking total compensation of more than $1 billion. Picard filed complaints against Citibank (C), Natixis SA, Fortis, ABN AMRO Bank, Banco Bilbao Vizcaya...

Irving Picard, the trustee charged with recovering assets on behalf of Bernie Madoff's victims, sued the owner of The New York Mets. The suit against Sterling Equities, a real-estate developer, was sealed as the parties are currently in negotiations, CNN said. The suit was filed in U.S....

Irving Picard, trustee for the victims of the Madoff fraud, has a new target – other Madoff clients. Picard has filed lawsuits against hundreds of defendants saying they profited from Madoff's giant Ponzi scheme, withdrawing more than they invested, CNN reported. He's seeking damages on...

A court-appointed trustee is suing JPMorgan Chase for its alleged involvement in Bernard Madoff's multibillion-dollar Ponzi scheme. The investment bank was Madoff's primary bank for 20 years. JPMorgan said it didn't know about -- much less assist -- Madoff's fraud.

On Sunday, money manager Stanley Chais died at age 84, still under investigation for his involvement with Bernard Madoff. Chais channeled large amounts of investors' money to the now-notorious Ponzi schemer, and over the years extracted more than $1 billion from Madoff's fund.

In an attempt to recover more than $30 million from Bernie Madoff's family and the family businesses, a court appointed trustee filed three new lawsuits in the U.S. Bankruptcy Court in Manhattan on Thursday,

Monday promises to bring slightly cooler weather in much of the eastern U.S., after days of oppressive 100 degree-plus temperatures in many cities. But the heat is still on BP (BP) CEO Tony Hayward, who appears to be on his way out after bungling the oil giant's response to the Gulf of Mexico oil...

Trustee Irving Picard, charged with recovering money for the victims of Bernard Madoff, is preparing a series of lawsuits to win back money from investors who gained financially from their association with Madoff.