clawback

The tough new restrictions will likely fuel demands for similar curbs in the U.S. But not everyone is convinced that the new rules will have the intended effect of changing bankers' riskiest practices.

Testing & and %

Bernard Madoff's former accountant David Friehling pleaded guilty Tuesday, according to a report from the Associated Press. Will he stay silent like Madoff or will he spill his guts to minimize his jail time? Friehling (pictured) was the longtime auditor for Madoff, and was the first person...

Not all of Bernard Madoff's investors lost money. In fact, bankruptcy trustee Irving Picard found that about 50 percent of his active clients withdrew more than they invested. Now, those who made a profit could be asked to pay some of that money back under "clawback" laws.In a court filing, Madoff...

When Bernie Madoff is sentenced on Monday for his $65 billion Ponzi scheme, investors may get some sense of vindication. But they will unlikely remain satisfied as they continue to struggle to put their lives back together. You can be almost certain the request by his attorney for leniency and a...

Investors who made money investing through Bernie Madoff could be facing a clawback lawsuit, which seeks to get back funds from investors who made withdrawals before the firm collapsed. According to the Wall Street Journal, the first lawsuit was filed by Madoff Trustee Irving Picard on Thursday....