June 26, 2014
by Dominic Yobbi
A former accountant for Bernard Madoff pleaded guilty Tuesday to charges connected to Madoff's multibillion dollar Ponzi scheme. Paul Konigsberg, a 78-year-old former senior tax partner at Konigsberg Wolf & Co and the last defendant in the Madoff prosecutions, pleaded guilty to one count of ...[read more]
March 25, 2014
by Bradley McAllister
A federal jury in the US District Court for the Southern District of New York on Monday returned a guilty verdict for five former associates of Bernard Madoff on charges they aided and profited from the Ponzi scheme that defrauded billions of dollars from investors. The former co-workers include: ...[read more]
February 26, 2014
by Daniel Mullen
The US Supreme Court ruled 7-2 Wednesday in Chadbourne & Parke LLP v. Troice that the Securities Litigation Uniform Standards Act of 1998 (SLUSA) does not bar the plaintiffs' state law class action suit. The lawsuit was brought by the victims of the multibillion dollar Ponzi scheme ...[read more]
January 9, 2014
by Amy Mathieu
A judge for the US District Court for the Southern District of New York approved a deal on Wednesday between the US Attorney's Office for the Southern District of New York and JPMorgan Chase to settle the criminal charges of failure to report suspicions about Bernard Madoff's Ponzi scheme. The ...[read more]
January 7, 2014
by Bradley McAllister
The US Attorney's Office for the Southern District of New York entered into a deferred prosecution agreement with JP Morgan Chase & Co. on Tuesday, which stipulates the bank will pay $1.7 billion to the US government for its role in the Bernard Madoff Ponzi scheme. A criminal complaint was ...[read more]
October 7, 2013
by Jaclyn Belczyk
The US Supreme Court heard oral arguments in two cases Monday. In Madigan v. Levin the court was asked to decide whether age discrimination claimants can circumvent the Age Discrimination in Employment Act (ADEA) and bring claims directly under the Equal Protection clause and 42 USC 1983. Th... ...[read more]
September 11, 2013
by G. Redd
A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without accounting for inflation over the past five years. Under the Securities Investors Protection ACT (SIPA), ...[read more]
August 14, 2013
by Theresa Donovan
A judge for the US District Court for the Southern District of Florida on Monday dismissed a lawsuit against the Securities Exchange Commission (SEC) regarding the agency's failure to report Allen Stanford and his Ponzi scheme. Judge Robert Scola stated that the SEC market regulator was shielded ...[read more]
April 10, 2013
by Michael Haggerson
The US Court of Appeals for the Second Circuit on Wednesday affirmed the dismissal of a suit by victims of the Bernie Madoff Ponzi scheme against the US Securities and Exchange Commission (SEC). The Madoff victims had argued that the SEC was liable under the Federal Tort Claims Act (FCTA) for ...[read more]
December 21, 2012
by Jaclyn Belczyk
Peter Madoff, brother of disgraced financier Bernard Madoff was sentenced Thursday to 10 years in prison for his role in Bernard Madoff's multibillion dollar Ponzi scheme. He pleaded guilty to charges including conspiracy to commit securities fraud, tax fraud, mail fraud and falsifying records of ...[read more]

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