picard

In order to avoid a lawsuit, Banco Santander SA (STD), which ran one of the largest feeder funds for Bernie Madoff investors, agreed to pay $235 million to avoid a lawsuit by Madoff trustee Irving Picard, according to a report in The Wall Street Journal. If the court agrees to the settlement, which...

Federal investigators of the Madoff ponzi scheme expanded their criminal investigations to include some high profile investors who may have known about Bernie Madoff's massive fraud. Two philanthropists who invested heavily with Madoff, Jeffry Picower and Stanley Chais, are among the investors now...

Castor Pollux Securities will pay up to $25.5 million for the securities-trading operation run by Madoff's brother and two sons. In another case that looks similar to a Ponzi scheme, U.S. District Judge Philip Gutierrez froze the assets of financier Danny Pang, who the SEC alleges defrauded...

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....

In what might sound like a remake of the Keystone Cops, officials and prosecutors ended up in court in a race to see who will get ultimate control of Bernie Madoff's assets. In the past couple of days, we've learned that French officials may be gearing up to seize Ruth Madoff's chateau in France....