Search Results for: bernard madoff

Bernie Madoff, former Wall Street kingpin and mastermind of the largest Ponzi scheme in history, died Wednesday at the age of 82 in prison while serving his 150-year sentence. He spent about 12 years in prison for engineering a fraud as high as $65 billion. His death resulted from natural causes as he had been [...]

The US Court of Appeals for the Second Circuit upheld a lower court finding Thursday that Maddoff investors who profited must pay back their earnings, even if they were not aware of the Ponzi scheme. The investors involved were people who, at the time of the collapse of Bernard L. Madoff Investment Securities LLC, received [...]

The US Supreme Court denied certiorari in HSBC Holdings v. Irving H. Picard on Monday, a case concerning whether the liquidation trustee of Bernie Madoff’s estate can seize overseas funds. Madoff was convicted in 2009 of defrauding investors through a Ponzi scheme. Last year the US Court of Appeals for the Second Circuit allowed the [...]

Convicted Ponzi-schemer Bernie Madoff filed a petition for clemency with the Justice Department Monday. Madoff was arrested in December 2008 for defrauding investors of billions of dollars while head of the investment firm Bernard L. Madoff Investment Securities LLC. In June 2009 Madoff was sentenced to 150 years in prison for his crimes. According to [...]

Here's the domestic legal news we covered this week: The US Department of Justice (DOJ) announced Thursday that it has begun distributing compensation to victims of Bernie L. The legal world is a busy place....

The US Department of Justice (DOJ) announced Thursday that it has begun distributing compensation to victims of Bernie L. Madoff Investment Securities LLC's (BLMIS) Ponzi scheme. The first set of distributions involve $722.5 million that will...

A federal judge blocked litigation on Wednesday dealing with Bernie Madoff's former Ponzi scheme customers. US District Judge Gregory Woods prevented A&G Goldman Partnership and Pamela Goldman from pursuing a lawsuit aimed...

The US Court of Appeals for the Second Circuit on Wednesday upheld the convictions of five former employees of Bernard L Madoff Investment Securities firm who were convicted of various fraud charges in 2014. The...

A judge for the United States District Court for the Southern District of New York ruled on Friday that New York City's regulation of the banking industry through the Responsible Banking Act is...

A judge for the United States District Court for the Southern District of New York on Wednesday sentenced Irwin Lipkin, a former controller of Bernard L. Madoff Investment Securities, to six months in prison for his involvement...