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.
iBasis sues to stop Royal KPN's tender offer, which it calls 'grossly inadequate'August 19th, 2009 iBasis sues to stop Royal KPN's tender offerBURLINGTON, Mass. — iBasis Inc.
Asset freeze stays put at 2 Detroit-area firms accused of orchestrating $53M Ponzi schemeAugust 4th, 2009 Asset freeze stays put in $53M Mich. fraud caseDETROIT — A judge has kept an asset freeze in place at two Detroit-area financial firms where managers are accused of orchestrating a $53 million Ponzi scheme.
Judge freezes assets of Detroit-area money managers after SEC says they're running $53M scamJuly 28th, 2009 SEC says Mich. is home to $53 million scamDETROIT — A federal judge in Detroit has frozen the assets of people accused of running a $53 million real estate scam in which money from new investors is used to pay other investors.
SEC accuses Lancelot Investment of investing more than $2 billion in alleged Ponzi schemeJuly 11th, 2009 Lancelot Investment accused of aiding Ponzi schemeCHICAGO — Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.
SEC freezes assets of Dallas company accused of oil and gas-themed Ponzi schemeJuly 7th, 2009 SEC freezes assets of Dallas companyDALLAS — Federal regulators have frozen the assets of a company accused of running a $485 million Ponzi scheme centered on the oil and gas industry. In a statement issued Tuesday, the Securities and Exchange Commission says the scheme was orchestrated by three Dallas businessmen through a company called Provident Royalties LLC.
SEC freezes assets of company accused of Texas oil and gas-themed Ponzi schemeJuly 7th, 2009 SEC alleges oil-and-gas Ponzi schemeDALLAS — Federal regulators have frozen the assets of a Delaware company accused of swindling nearly 8,000 investors in a $485 million Ponzi scheme that falsely promised hefty returns on investments in the oil and gas business, officials said Tuesday. Three businessmen in Dallas, where Provident Royalties LLC has its main office, ran the nationwide operation involving fraudulent securities offerings between June 2006 and January 2009, the Securities and Exchange Commission alleged in civil complaint filed in a North Texas federal court.
Feds charge 2 Calif. men of running $85 million Ponzi scheme targeting Korean-AmericansJune 10th, 2009 Feds accuse 2 Calif. men of conducting $85M schemeSAN FRANCISCO — Federal regulators have accused two Northern California men of conducting an $85 million Ponzi scheme that targeted Korean-Americans, pledging to deliver spectacular returns from foreign currency trading.
Feds indict 7 in alleged scheme that generated billions in fraudulent tax lossesJune 10th, 2009 Feds indict 7 in alleged fraudulent tax schemeNEW YORK — Federal authorities have indicted the former chief executive of a major accounting firm and six others in what they say was a wide-ranging criminal scheme that generated more than $7 billion in fraudulent tax losses. The indictment filed Tuesday in Manhattan federal court charges the seven with 27 separate counts that include conspiring to defraud the IRS and tax evasion.
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.
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.
California businessman convicted of bribing bank manager to falsify documentsMay 6th, 2009 California man convicted of bribing bank managerLOS ANGELES — A businessman accused of running an investment scheme has been convicted of federal charges of bribing a bank official. Juan Rangel, the former owner of now-defunct Financial Plus Investments in Commerce, also was found guilty Tuesday of conspiring to falsify bank records and falsifying bank reports.
SEC wins asset freeze against Pang, PEMGroup companies, accused of bilking investorsApril 28th, 2009 Court freezes assets of Pang, companiesWASHINGTON — Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars. The Securities and Exchange Commission said Monday the assets of Pang's two investment companies were also frozen.
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.
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