HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.
Still, the Supreme Court decision could free up an additional $1.25 billion to be returned to victims of the epic Bernard Madoff Ponzi scheme.
Bernard Madoff is insisting he acted alone in his epic fraud, according to new emails from the convicted Ponzi scammer.
The trustee rounding up funds for victims of Bernie Madoff's Ponzi scheme is seeking court approval to return another $322 million, bringing the total returned to more than $7 billion.
Irving Picard, the court-appointed trustee rounding up funds for victims of the Madoff Ponzi scheme, says the total recovered now tops $10 billion.
Andrew Madoff, the son of convicted financier Bernie Madoff, was worth $16 million prior to his death from lymphoma on Sept. 4.
Sad to report.
New allegations say that Bernie Madoff's sons knew much more about their father's Ponzi scheme than they originally claimed.
Victims of the epic Madoff Ponzi scheme could get back another $349 million under a proposal submitted to the bankruptcy court Tuesday by trustee Irving H. Picard. The proposed distribution, the fourth since the scandal broke, brings the total payout to nearly $6 billion.
Convicted fraudster Bernard Madoff is back in prison after being hospitalized for a heart attack last month, CNBC has learned.
Here's a few links to some interesting Bloomberg, Fox Business, Guardian and Reuters stories currently doing the rounds.
The Department of Justice announced Thursday that an initial distribution had begun to more than 24,000 victims of Madoff's Ponzi scheme.
Thousands of victims of Bernard Madoff’s Ponzi scheme are due to get checks totaling $695 million from a U.S. Justice Department fund created through settlements with some of the con man’s oldest customers and his bank, JPMorgan Chase & Co.
Sad to report.
Bernie Madoff claims he tried to tell people as early as 2005 — three years before he was arrested — that his empire was nothing more than an elaborate pyramid scheme, according to a new documentary.
Peter Madoff pleaded guilty Friday to enabling his brother Bernard Madoff to pull off the biggest Ponzi scheme in U.S. history - though Bernie's brother denied knowing the business was a sham until the firm collapsed.
Donald Longueuil, a former employee of the hedge fund SAC Capital Advisors, has big for plans when he gets out of prison.
Fraudster Bernie Madoff appears to have been pontificating in prison again on the small matter of his $65bn Ponzi scheme and who, along with him, was responsible.
Credit Suisse CEO Brady Dougan signed off on his divorce settlement with ex-wife Tomoko Hamada in 2005.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories that are currently doing the rounds.
A treasure trove awaits Bernie Madoff obsessives who log into the website for US Bankruptcy Court, Southern District of New York.
The U.S. Justice Department’s $4 billion fund for victims of Bernard Madoff’s epic Ponzi scheme is getting closer to making its first payout, more than four years after it was set up.
A firm hired by the U.S. to distribute $4 billion to victims of Bernard Madoff’s Ponzi scheme has racked up $38.8 million in billings over four years. The investors are still waiting for their first checks, though.