Mass. reaches $8 million settlement with Madoff feeder fund to fully refund investorsSeptember 8th, 2009 Mass. reaches settlement with Madoff feeder fundBOSTON — The Massachusetts secretary of state has reached an agreement with one of Bernard Madoff's feeder funds that calls for full restitution for the state's victims. Secretary of State William Galvin says the $8 million deal was struck Tuesday, less than 24 hours before Fairfield Greenwich was supposed to appear at a state hearing.
Tell me, Bernie: phone exchange between Madoff, top SEC official is illuminatingSeptember 4th, 2009 Questioning Madoff on the phoneThe new report by the inspector general of the Securities and Exchange Commission on the agency's failure to detect Bernard Madoff's multibillion-dollar fraud over 16 years is packed with disclosures and tantalizing details. Here, for example, is a snippet of a phone conversation in December 2003 between Lori Richards, then the director of the SEC's inspections office, and Madoff.
Iowa judge moves trial for managers of kosher slaughterhouse that was site of immigration raidSeptember 1st, 2009 Iowa judge moves trial of slaughterhouse managersIOWA CITY, Iowa — A federal judge has moved the trial of four former managers of a kosher slaughterhouse that was the site of a massive immigration raid last year from Cedar Rapids, Iowa, to Sioux Falls, S.D. U.S. District Court Judge Linda Reade ruled Tuesday that the "prodigious" amount of negative pretrial publicity about Agriprocessors, Inc., and former top manager Sholom Rubashkin caused potential jurors to develop a bias against them.
Mass. secretary of state rejects Fairfield Greenwich settlement offer in Madoff fraud caseAugust 16th, 2009 Mass. rejects settlement offer in Madoff scandalBOSTON — Massachusetts Secretary of State William Galvin's office has rejected a proposed settlement by an investment firm to repay nearly $6 million to state investors who lost money in Bernard Madoff's fraudulent investment scheme. Galvin spokesman Brian McNiff said Sunday that his agency is not accepting New York-based Fairfield Greenwich Group's offer to fully refund nearly a dozen investors in the state because officials are still trying to identify all the affected investors.
NY judge signs off on $14.6 million bill from law firm handling liquidation of Madoff's assetsAugust 7th, 2009 NY judge OKs law firm's fees in Madoff liquidationNEW YORK — A judge has approved a $14.6 million payment to a Manhattan law firm working to unravel Bernard Madoff's massive fraud. In a written order Thursday, U.S.
Fla. judge to consider delay for settlement talks in case against UBS over alleged tax evadersJuly 13th, 2009 Fla. judge to consider delay in UBS secrecy caseMIAMI — A federal judge in Florida is considering whether to delay hearings in a case against Swiss banking giant UBS AG to allow more time for settlement talks. The Internal Revenue Service has sued UBS in an effort to identify thousands of suspected American tax evaders.
Ruth Madoff gets passport back from feds, now free to leave countryJuly 8th, 2009 Ruth Madoff gets passport back from feds
NEW YORK — If Ruth Madoff wants to escape public scorn, she is now free to leave the country. A federal judge on Monday ordered the court system to return Madoff's passport.
US Marshals take possession of Madoff penthouse where Madoff and wife livedJuly 2nd, 2009 US Marshals seize Madoff penthouse propertyNEW YORK — The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse, an action that forced his wife to move elsewhere.
Manhattan penthouse where financier Madoff lived seized by US marshals, wife must leaveJuly 2nd, 2009 Feds seize Madoff penthouse, wife must leaveNEW YORK — The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse in a move that forced his wife to move elsewhere.
Madoff's wife, Ruth, says she feels 'betrayed and confused' by financier's fraudJune 29th, 2009 Ruth Madoff says she feels 'betrayed and confused'NEW YORK — Bernard Madoff's wife says she feels "betrayed and confused" by the actions of her husband. Ruth Madoff said in a statement Monday that "the man who committed his horrible fraud is not the man whom I have known for all these years."
Her 71-year-old husband was sentenced minutes earlier to 150 years in prison for fraud that bilked investors of billions of dollars.
Victims urge stiff term for Madoff at convicted swindler's sentencing in NYCJune 29th, 2009 Victims testify at Bernard Madoff's sentencingNEW YORK — Bernard Madoff's fraud victims are urging a stiff sentence for the mastermind of a multibillion-dollar fraud scheme. U.S. District Judge Denny Chin said Monday that the federal probation department recommends that Madoff get 50 years in prison.
NY prosecutors: Judge orders disgraced financier Bernard Madoff to forfeit over $170 billionJune 27th, 2009 Judge orders Madoff to forfeit over $170 billionNEW YORK — A federal judge has ordered disgraced financier Bernard Madoff to forfeit over $170 billion. Prosecutors say U.S.
US prosecutors propose 150-year-jail term for Ponzi king MadoffJune 27th, 2009 NEW YORK - Federal prosecutors in the United States recommended Friday that Ponzi king Bernard L. Madoff be sentenced to 150 years in prison for defrauding the public of 65 billion dollars.
SEC charges Cohmad firm, four people with fraud in raising billions from investors for MadoffJune 22nd, 2009 SEC charges firm, 4 people with fraudWASHINGTON — Federal regulators have charged a brokerage firm called Cohmad Securities and four people with securities fraud, accusing them of funneling billions of dollars from investors into Bernard Madoff's pyramid scheme. The Securities and Exchange Commission announced the civil fraud charges on Monday against Cohmad, its chairman, Maurice Cohn, chief operating officer Marcia Cohn and broker Robert Jaffe.
Firm that acted as feeder fund for Madoff rejects fraud charges by Mass. securities regulatorApril 30th, 2009 Firm rejects Madoff charges by Mass. regulatorBOSTON — A Connecticut firm that acted as a feeder fund for Bernard Madoff's fraudulent investment scheme rejected allegations by Massachusetts' top securities regulator that it misrepresented its lack of knowledge about Madoff's operations.
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