Madoff trustee sues Madoff's brother, sons and a niece to recover $198 million for investorsOctober 2nd, 2009 Madoff trustee sues Madoff's family for $198MNEW YORK — A trustee trying to recover Bernard Madoff's assets to reimburse investors has sued his brother, sons and a niece to recover nearly $200 million. The lawsuit was filed Friday in U.S.
Madoff trustee seeks $7B from Fla. philanthropist, accuses him of trying to avoid blameOctober 1st, 2009 Madoff trustee seeks $7B from Fla. philanthropistNEW YORK — A trustee trying to recover Bernard Madoff's assets for jilted investors now says a Florida philanthropist should return $7 billion that he received from Madoff.
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.
Madoff sons may pay for his sinsSeptember 2nd, 2009 NEW YORK - A court-appointed trustee overseeing the Madoff case is poised to file civil complaints against jailed Ponzi King Bernie Madoff's two sons Mark and Andrew - who ran their father's trading division - and Peter Madoff, Bernie's brother and company's chief compliance officer. Trustee Irving Picard will seek in excess of 50 million dollars, including at least 30 million dollars in loans to the sons.
NY judge signs order making Mrs. Madoff give trustee monthly spending reportsAugust 4th, 2009 Trustee to keep tabs on Ruth Madoff's spendingNEW YORK — Bernard Madoff's once free-spending wife has suffered another financial indignity: She now must report any purchases over $100 to a trustee. U.S. Bankruptcy Court Judge Burton Lifland signed off on an agreement last week that imposed the monthly reports while freezing Ruth Madoff's assets in response to the court-appointed trustee's $45 million claim against her.
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.
Hedge fund manager Merkin to sell art trove for $310M, could eventually help Madoff victimsJune 30th, 2009 Madoff 'feeder' Merkin parts with art troveNEW YORK — A hedge fund manager being sued over his role the Bernard Madoff scandal is selling off $310 million worth of art. Financier J.
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.
Madoff case trustee says claims in massive Ponzi scheme rise to almost 9,000May 14th, 2009 Trustee: Nearly 9,000 claims in Madoff scamNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets says he's received almost 9,000 claims from the disgraced financier's victims. Court-appointed trustee Irving Picard told reporters Thursday on a conference call that he's identified about $1 billion in assets that will be used to pay the claims.
NY trustee: Philanthropy invested with Madoff should have known returns were fraudulentMay 13th, 2009 NY trustee sues philanthropy in Madoff caseNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets has sued one of the nation's leading educational philanthropies. The complaint filed Tuesday in Manhattan bankruptcy court alleges the Picower Foundation and several related entities made nearly $7 billion by investing with Madoff.
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.
NYC trustee accuses Los Angeles money manager, others of making $1 billion off Madoff scamMay 2nd, 2009 NY trustee in Madoff scandal sues LA money managerNEW YORK — A longtime Los Angeles money manager and philanthropist raked in more than $1 billion in false earnings from disgraced financier Bernard Madoff, a trustee overseeing the liquidation of Madoff's assets claimed Friday. In a complaint filed in Bankruptcy Court in Manhattan, court-appointed trustee Irving Picard alleged that Stanley Chais must have known Madoff was running a massive Ponzi scheme and should be forced to forfeit the earnings to help pay claims from thousands of burned investors.
Trustee orders Madoff investors to return $735M in bogus profits paid before scam collapsedApril 24th, 2009 Madoff investors ordered to return false profitsNEW YORK — The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle. For decades, Madoff paid steady profits to his clients, telling them the money came from the stock market.
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