Please ensure Javascript is enabled for purposes of website accessibility
Don't miss
Home (page 2)

Tag Archives: Bernard Madoff

Picower, sued by Madoff trustee, died of heart attack

Jeffry Picower, the philanthropist alleged to have withdrawn more than $7.2 billion from Bernard Madoff’s investment company, died of a heart attack Sunday in the pool of his Palm Beach, Fla., home. An autopsy by the Palm Beach County Medical ...

Read More »

Judges punish Wall Street as regulators just talk about reform

As the White House and Congress debate how to regulate financial firms to avoid another economic crisis, judges have assumed the point position in punishing Wall Street for causing the worst recession since the 1930s. The executive and legislative branches ...

Read More »

Madoff’s lies reveal it’s not easy being sleazy

Peering into Bernard Madoff’s investment advisory business, a government lawyer found it odd that he was trading different securities, and at different times, for clients. He was claiming the same strategy for all of them. So why so many variations ...

Read More »

Madoff trustee’s $14.7 million fee request approved

The trustee liquidating Bernard Madoff’s investment company won court approval of a $14.7 million bill for four months’ work by his law firm, overcoming challenges from victims. The payment to trustee Irving Picard and his firm, Baker & Hostetler LLP, ...

Read More »

Con man Okun gets 100 years for fraud scheme

Edward Okun, the Miami businessman convicted of stealing from customers of his tax-deferral firm, 1031 Tax Group, was sentenced to 100 years in prison for running a $126 million fraud scheme. U.S. District Judge Robert Payne handed down the sentence ...

Read More »

Hedging on hedge fund scrutiny fine with court

Let’s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them. For all the claims of super due diligence, ...

Read More »

Madoff gets 150 years for epic fraud

Bernard Madoff was sentenced to 150 years for masterminding the largest Ponzi scheme in history, six times longer than the penalties meted out to the chief executives of WorldCom Inc. and Enron Corp. Madoff appeared in court Monday before U.S. ...

Read More »