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.
Summary Box: SEC watchdog finds agency bungled probes of Madoff's business despite warningsSeptember 2nd, 2009 Summary Box: SEC watchdog finds incompetenceINCOMPETENCE AT THE SEC: The inspector general of the Securities and Exchange Commission has found the agency bungled its five investigations of Bernard Madoff's business, despite numerous red flags raised over 16 years about the multibillion-dollar fraud. While the IG's report found incompetence, it discovered no evidence of corruption at the agency with regard to the now-disgraced financier.
SEC inspector general finds agency never did competent probe of Madoff despite ample warningsSeptember 2nd, 2009 SEC IG: agency never did competent probe of MadoffWASHINGTON — The watchdog of the Securities and Exchange Commission has found that the agency consistently mishandled its investigations of Bernard Madoff's business, despite ample warnings of the multibillion-dollar fraud. But SEC inspector general David Kotz's report found no evidence of any improper ties between agency officials and Madoff.
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.
In book, investor alleges a 2-decade affair with disgraced financier Bernard MadoffAugust 14th, 2009 Author alleges she was Madoff's 20-year mistressNEW YORK — Bernard Madoff's decades-long fraud might not have been his only secret. A new book says he had a two-decade affair with one of his investors.
Investor reveals a two-decade affair with disgraced financier Bernard Madoff in bookAugust 14th, 2009 Book about Bernie Madoff affair poised for releaseNEW YORK — Bernard Madoff's decades-long fraud apparently wasn't his only secret. A new book says he had a two-decade affair with one of his 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.
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.
AP Source: 10 more people will be charged in probe of disgraced financier Bernard MadoffJune 30th, 2009 AP Source: 10 more will be charged in Madoff scamNEW YORK — A person familiar with the investigation into disgraced financier Bernard Madoff (MAY'-dawf) says 10 more people will be charged by the time the probe is complete. The person tells The Associated Press the 10 others will face federal charges over the next few months.
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.
SEC reaches settlement with Bernard Madoff, bars him from securities industryJune 16th, 2009 SEC accord bars Madoff from securities industryWASHINGTON — Federal regulators have reached a settlement with disgraced money manager Bernard Madoff that prohibits him from working in the securities industry. The Securities and Exchange Commission says it accepted Madoff's settlement offer to be barred from association with any brokerage or investment firm.
Judge consolidates Madoff's business, personal assets to streamline bankruptcy processJune 9th, 2009 Judge consolidates Madoff bankruptcy casesNEW YORK — A federal judge has consolidated two bankruptcy cases involving Bernard Madoff's business and personal assets. The decision Tuesday by 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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