MadoffScandal

Litigation Against Mark Madoff to Continue Despite Suicide

Mark Madoff may be dead, but the litigation against him isn%u2019t going away. 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%u2019s fraud.

Two More Arrested in Madoff Ponzi Scheme

Annette Bongiorno and Joann "Jodi" Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and tax evasion.

Bernie Madoff's Personal Items Go on Sale

The public will have the chance to buy a personal piece of crime history as some of Bernie Madoff's intimate possessions go on sale. Auctioneers are offering items including Madoff%u2019s bed linens, Rod Stewart CDs and cuticle scissors, The Wall Street Journal reported.

Bernie Madoff's Prized Possessions Up For Auction

Bidders will have the chance to dip into the lifestyle of convicted Ponzi schemer Bernie Madoff, when a collection of his prized possessions are put up for sale. Among the goods to go under the hammer are a Steinway & Sons grand piano, a woman%u2019s ring with a 10.54-carat diamond and a miniature bronze bull, USA Today reported.

Madoff Investor Group Appeals to Recoup

A group of 700 investors is arguing that Bernard Madoff%u2019s customers should be entitled to recoveries from the Securities Investor Protection Corp. even if they collected more from the fraudulent schemes than they invested. The investors%u2019 lawyer, Helen Chaitman, is arguing that the investors had no knowledge of the fraud, and asking that a bankruptcy judge%u2019s decision that bars them from collecting SIPC money be reversed, Bloomberg News reported.

Court Appointee Pursues Madoff Investors

A court-appointed trustee 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. Irving Picard told The Wall Street Journal he may sue a total of about 1,000 individual investors who withdrew more money from Madoff%u2019s firm that they invested.

Madoff Tells Fellow Inmates He Has '$9 Billion Stash'

Bernie Maddoff has reportedly been bragging to his fellow inmates that he has "stashed" $9 billion with three close friends. While the claim could be true, it could also just be one more attempt by the Ponzi schemer to boost his street cred in prison.

Madoff's house arrest is easy living

The feds aren't happy about it nor are the folks who lost billions in Madoff's financial scheme, but he is presently sitting in his exclusive $7...