picard
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 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...
Stephanie Madoff doesn't want her children to have to live with the embarrassment and risk of carrying her father-in-law's tarnished surname. She has filed papers in Manhattan Supreme Court to change her last name, and that of her two children, to Morgan.
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In the wake of news that Bernard Madoff's associate and pal Jeffrey Picower (pictured) was found dead in his Palm Beach swimming pool last month, the revelation that Picower had left his wife Barbara $200 million and appointed her to head a charitable foundation funded with his estate's assets from...
Madoff accountant pleads guilty in Ponzi scheme, but will he sing?
12:15PM 11/03/2009
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...
It wasn't enough for felonious Ponzi patriarch Bernard Madoff to bilk his clients of over $60 billion in assets. Now, the jailbird stock swindler is trash-talking about the very federal authorities who should have caught him and stopped the largest financial scam in history. In a jailhouse...
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...
Imagine facing the hassle of having to report everything you spend over $100 to a federal bankruptcy judge. That's exactly what Ruth Madoff will have to do based on an agreement she reached with the court appointed trustee.
This agreement is part of a lawsuit filed last week by trustee Irving...
Madoff victims unlikely to be satisfied with sentence Monday
8:00AM 6/27/2009
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...
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