Madoff victims get $534 million in approved payments
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The Top 10 Fraudsters You’ve Never Heard of...
By: digitalfever
While notorious con man Bernie Madoff spends the rest of his days pondering his Ponzi scheme in a federal prison, DoTellAll pondered some of the other fraudsters that you probably never heard about. Here’s a list of the top 10.
about 1 month ago
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By: prabirghose
The 71-year old fraudster Bernard Madoff is serving a prison sentence of 150 years on charges of duping hundreds of investors of millions of dollars via the pyramid scheme. He was used to a lavish lifestyle and owned a Manhattan penthouse apart from luxury yachts which are considered as symbols of prosperity. The office parties that he hosted had ...
about 1 month ago
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Death of Jeffry Picower, longtime friend of Bernard Madoff
By: macieklew
Florida philanthropist, Jeffry Picower has died today in the age of 67. He was found at the bottom of his swimming pool by his wife. Palm Beach police department is conducting an investigation as usual in any drowning. After Madoff scandal in December 2008, Picower was alleged to have extracted billions of dollars from his investment scheme. He ...
about 1 month ago
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Court Botches Case in Madoff Scandal
By: ahol888
Court-appointed trustee, Irving Picard, had been given the dubious charge of overseeing the liquidation of Bernard L. Madoff Investment Securites. As we all know, Bernard Madoff is in jail for the rest of his life for swindling investors out of billions of dollars. The courts have calculated that Mr. Madoff took 21.2 billion dollars ...
about 1 month ago
- News Source: The News Tribune | about 1 month agoBernard Madoff’s victims have so far received $530 million in compensation – a record for a securities industry group providing the money, but only a fraction of what they lost in the disgraced financier’s epic swindle. The total being paid by...
- News Source: Star Tribune | about 1 month agoFrank DiPascali Jr., a central figure in the Ponzi scheme operated by Bernard L. Madoff, will remain in jail until his sentencing next spring, despite efforts by federal prosecutors to win his temporary release so he can more easily assist their...
- News Source: Asian Wall Street Journal | about 1 month agoThis copy is for your personal, non-commercial use only...Prospects are brightening for a tax-law change to allow victims who invested indirectly in Ponzi schemes through advisers or feeder funds to get bigger tax refunds for their theft losses.
- News Source: The Courier-Mail | about 1 month agoBernard Madoff's massive, decades-long Wall Street scam lost $US21.2 billion ($23 billion) cash, the court-appointed liquidator said overnight. The figure, far higher than an earlier estimate of $US13 billion, represents estimated losses by investors...
- News Source: Palm Beach Daily News | about 1 month agoIn a Wednesday conference call, Picard said Madoff's fraud resulted in an actual loss of $21.2 billion for 2,335 legitimate victims and only $1.4 billion has been recovered so far, Picard said. Picard has filed "clawback lawsuits" seeking the return...
- News Source: CNN | about 1 month agoMore than $500 million has been returned to the victims of Ponzi schemer Bernard Madoff, according to the trustee in charge of recovering stolen assets...The report Wednesday details Picard's challenges in helping Madoff investors. More than 2,000 of...
- Blog Source: blog.taragana.comTrustee says $530M-plus paid to Madoff victims. NEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets says more $530 million has been paid so far to victims of the disgraced financier's massive fraud. ...
- Blog Source: www.vosizneias.comNo other investor, possibly even Madoff, profited so much from the Ponzi scheme, Picard said. The $534 million paid out so far to victims is more than the insurance fund, the Securities Investor Protection Corp., has paid out in all of ...
- Blog Source: blog.taragana.comAuthorities say $530M-plus paid to Madoff victims.
- Blog Source: www.crainsnewyork.comTrustee Irving Picard said in a briefing that he had identified $21.2 billion in losses in about 2300 customer accounts, and paid out upwards of $530 million.
- Blog Source: seeker401.wordpress.comOn May 12, the bankruptcy trustee seeking assets for Madoff victims sued the Picowers in federal court to recover at least $6 billion they withdrew from their Madoff accounts over the years. The lawsuit claimed that the Picower accounts ...
- Blog Source: gawker.comIrving Picard, the trustee for the Madoff victims, still wants to get back the $7 billion that Picower made from Madoff over the years. Hell, he can't take it with him, wherever he is. And it ended up killing him. ...
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- Video Source: www.truveo.com'Small-Time Madoff,' ...Video Source: www.truveo.com'Small-Time Madoff,' 2 Others Indicted In Investment Scheme
Cell phones use report code: Related Tweets
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@josephtartakoff Facebook Awarded $711 Million Judgment Against Spammer, http://cnt.to/irL
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@SI_JonHeyman #redsox are believed willing to pay jason bay close to $15 million a year for 4 yrs. see giants, maybe mets, bidding more
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