What's scarier than ghosts and goblins? Madoff at HalloweenOctober 11th, 2009 Madoff mask a natural for HalloweenNEW YORK — Don't be alarmed if Bernard Madoff comes knocking this Halloween. The real Madoff pleaded guilty to a decades-long Ponzi scheme that cost investors millions of dollars.
Madoff caught on tape coaching witness to fool SEC, says 'you don't have to be too brilliant'September 9th, 2009 Madoff recorded coaching witness to outsmart SECBOSTON — Disgraced financier Bernard Madoff coached a potential witness about fooling federal regulators, saying "you don't have to be too brilliant" to get away with it, according to a newly released transcript of a 2005 telephone call. The transcript was made public Wednesday by Massachusetts Secretary of State William Galvin, whose office reached an $8 million settlement this week with New York-based Fairfield Greenwich Advisors, a Madoff feeder fund, to fully refund state investors.
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.
Calif. hedge fund manager pleads guilty to investment fraud, cheating family out of $25MAugust 25th, 2009 Calif. hedge fund manager pleads guilty to fraudLOS ANGELES — The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. Bradley Ruderman pleaded guilty Monday to two counts of wire fraud, two counts of investment adviser fraud and a misdemeanor count of failing to file income taxes in 2007.
Investor who claims Madoff affair says the financier was 'petrified' his wife would find outAugust 25th, 2009 Alleged mistress: Madoff feared wife's reactionNEW YORK — An investor who claims she had an affair with Bernard Madoff says the disgraced financier was "petrified" that his wife would find out. The investor, Sheryl Weinstein, theorized Tuesday that a divorce could have prompted financial scrutiny.
NY trustee: Offshore hedge fund invested with Madoff should have known returns were fraudulentJuly 15th, 2009 NY trustee sues offshore hedge fund in Madoff caseNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets has sued a hedge fund based in the Cayman Islands, claiming it should return $587 million it earned with Madoff to investors wiped out by the disgraced financier's colossal fraud. The complaint filed Tuesday in Manhattan bankruptcy court against the Herald Fund also names HSBC Bank as a defendant.
Trustee: $231 million authorized so far for nearly $3 billion in claims by Madoff investorsJuly 1st, 2009 $231 million set aside for Madoff claimsNEW YORK — A court-appointed trustee unraveling Bernard Madoff's massive fraud so far has allotted $231 million from a securities industry fund that compensates victims — a record amount for the fund, but a mere fraction of what was lost. In a statement Wednesday, Trustee Irving Picard said to date he has processed 543 claims brought by Madoff's burned clients, and concluded they are owed nearly $3 billion.
British hedge fund manager, chief investment officer settle US market-timing caseJune 29th, 2009 UK fund manager settles US market-timing caseWASHINGTON — A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators' allegations that one of its funds defrauded U.S.
Saga to end Monday for Madoff, but pain is just beginning for many cash-strapped victimsJune 28th, 2009 Pain continues for cash-strapped Madoff victimsNEW YORK — Bernard Madoff will learn Monday whether he will spend the rest of his life in prison. But for thousands of his victims, the pain of wondering what the future holds is only beginning.
Trustee sues overseas money manager, saying should have known about Madoff schemeMay 12th, 2009 Trustee sues money manager in Madoff caseNEW YORK — The trustee overseeing the liquidation of disgraced financier Bernard Madoff's assets has sued another investment fund. The lawsuit filed Tuesday in bankruptcy court in Manhattan accused the Harley International Ltd.
Trustee in Madoff fraud offers quicker relief to hardest-hit victimsMay 9th, 2009 Trustee unveils Madoff hardship programNEW YORK — A trustee wants to give a break to investors hardest hit by the Bernard Madoff fraud. Irving Picard unveiled a hardship program Friday that will put the victims first in line for up to $500,000 of relief.
NY Trustee in Madoff scandal sues hedge fund manager for more than $500 millionMay 8th, 2009 Madoff NY trustee sues fund managerNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets sued a prominent hedge fund manager for more than $500 on Thursday, claiming he was aware the disgraced financier was a swindler. The complaint filed in bankruptcy court in Manhattan called J.
Beverly Hills investment manager has assets frozen in hedge fund fraud caseApril 30th, 2009 Calif. fund manager's assets frozen in fraud caseLOS ANGELES — A federal judge has frozen the assets of a Beverly Hills hedge fund manager accused by the Securities Exchange Commission of duping investors out of $38 million. The injunction issued by U.S.
Madoff middleman charged with fraudApril 7th, 2009 NEW YORK - An investment advisor who allegedly steered his clients' money to Bernard Madoff's massive Ponzi scheme was charged with fraud Monday. J. Ezra Merkin invested more than $2.4 billion of his clients' money with Madoff, who pleaded guilty last month to the $50-billion scheme in which funds from new investors were used to pay off earlier ones.
Madoff investor commits suicideDecember 23rd, 2008 NEW YORK - A French investment manager and the co-founder of a firm that raised money in Europe to be put into Bernard Madoff's fraud-hit scheme has committed suicide in his office here, media reports said. Rene-Thierry Magon de la Villehuchet, 65, a founder of the hedge fund Access International Advisors, was found dead Tuesday in his office in Manhattan, the New York Times reported Tuesday, quoting police officials.
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