madoff
Trustee Secures Additional $7.2 Billion for Victims of Madoff Fraud
4:00PM 12/17/2010
Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff's Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
Madoff Trustee Files Suit Against Seven Banks for $1 Billion
7:11AM 12/09/2010
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....
Some Madoff Victims Pursued by Trustee for Damages
6:42AM 12/07/2010
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...
Madoff Trustee Sues HSBC for $9 Billion
5:36AM 12/06/2010
Irving Picard, the trustee seeking money for victims of the Bernie Madoff scam, is suing HSBC Holdings (HBC) and feeder funds for at least $9 billion.
Picard said that HSBC and a network of funds in Europe, the Caribbean and Central America sent Madoff more than $8.9 billion in business while...
JPMorgan Faces Lawsuit Over Madoff Fraud
6:30PM 12/02/2010
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.
Madoff Trustee Sues UBS for $2 Billion
9:04AM 11/24/2010
The trustee representing investors cheated by Bernie Madoff sued Swiss bank UBS (UBS) for $2 billion.
The suit alleges that UBS collaborated with Madoff's Ponzi scheme, The Associated Press reported. The suit alleges 23 counts of financial fraud and misconduct by UBS and related entities and...
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.
Owners of Manhattan's 'Lipstick Building' File for Bankruptcy
8:30PM 11/16/2010
The owners of Manhattan%u2019s landmark Lipstick Building, which housed convicted Ponzi schemer Bernie Madoff's opulent offices, has filed for chapter 11 bankruptcy protection. Could new owners make the economics work?
Thousands of belongings from Madoff's New York City penthouse, including his used shoes, went on the auction block.
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