madoff securities

Some Madoff Victims Pursued by Trustee for Damages

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 behalf of those who lost money on their investments.

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.

Two Years After Madoff: Avoiding Ponzi Scheme Hell

if(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];AOLVP_cfg.push({id:'AOLVP_us_619275976001','codever':0.1,'autoload':false,'autoplay':false,'playerid':'61371447001','videoid':'619275976001','stillurl':'','publisherid':1612833736,'width':284,'height':160,'playbutton':false,'bgcolor':''});It has been two years since Bernie Madoff's $60 billion Ponzi scheme to defraud investors was unmasked and investors are still trying to get their money back. Attorney Michael Goldberg explains what Ponzi schemes are, how to avoid them and how to get your money back (eventually) if you are caught in one.

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.

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...