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.
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.
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.
Mass. philanthropist uses $5M of his own money to help Madoff victimsJuly 16th, 2009 Mass. philanthropist steps up for Madoff victimsBOSTON — A Massachusetts philanthropist who lost most of his personal fortune in the Bernard Madoff scandal has paid $5 million out of his own pocket to restore the retirement savings of employees who lost money in the multibillion dollar scam. Ronald I. Lappin on Wednesday made up for the lost savings of the 60 employees of his company, Shetland Properties Inc., and of his charity, the Robert I.
AP source: Madoff leaves NYC prison to serve remainder of 150-year term in NC facilityJuly 14th, 2009 AP source: Madoff leaves NYC prison facilityWASHINGTON — A law enforcement official says disgraced financier Bernard Madoff has been moved out of a New York prison on his way to a North Carolina facility to begin serving his 150-year sentence. The law enforcement official spoke on condition of anonymity because the official was not authorized to discuss prisoner transfers.
Convicted swindler Bernard Madoff leaves Atlanta lockup for NC prisonJuly 14th, 2009 Madoff leaves Atlanta lockup, headed to NC prisonWASHINGTON — Disgraced financier Bernard Madoff has left a federal prison in Atlanta and is heading to his new home in a North Carolina prison. Federal Bureau of Prisons spokeswoman Linda Thomas on Tuesday said Madoff has left the penitentiary in Atlanta.
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.
Person close to Madoff investigation tells AP more arrests expected, but not imminentJune 30th, 2009 Madoff behind bars, investigation grinds forwardNEW YORK — The day after Bernard Madoff received a 150-year prison term, investigators are continuing their pursuit of other suspects in his massive fraud. A person close to the investigation tells The Associated Press no more arrests are imminent, but 10 people are expected to face charges by the time investigators are done.
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.
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.
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 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.
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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