Free Newsletter
Handcuffed Madoff jailed without full disclosure
However satisfying the click of handcuffs snapping onto Bernard Madoff’s wrists and the knowledge that he’ll never again be free, his guilty plea marked only a beginning. The thousands of investors who lost billions of dollars to his Ponzi scheme got only part of what they wanted at Thursday’s plea hearing in federal court in […]
Madoff moves from penthouse to big house
Bernard Madoff, who pleaded guilty Thursday to masterminding the largest Ponzi scheme in history, may have to fight off prison inmates who want to squeeze him for money or blame him for the Wall Street crash. “Madoff isn’t going to be real popular,” said Larry Levine, who served 10 years in federal prisons for securities […]
Madoff to plead guilty in largest ever Ponzi scheme
Bernard Madoff will plead guilty on Thursday to fraud charges related to the largest Ponzi scheme in U.S. history, his lawyer Ira Sorkin said in a court hearing. Madoff, 70, will admit that he directed the fraud, his lawyer said. Prosecutors said Tuesday in Manhattan federal court that it totaled as much as $64.8 billion. […]
Hedge-fund destruction is route to Salvation
Like plenty of financial players, hedge funds are taking a beating. Many once-high-flying managers have been swamped by losses. Others have abandoned the business after discovering it wasn’t such an easy path to riches. Even some of the biggest firms – Citadel Investment Group LLC, D.E. Shaw Group and Tudor Investment Corp., among others – […]
Madoff to appear in court in possible lawyer conflict
Bernard Madoff, who is accused of defrauding investors of $50 billion, will appear in Manhattan federal court today so a judge can find out whether he will waive his lawyer’s possible conflict of interest. U.S. District Judge Leonard Sand is to explore whether the defense attorney, Ira Sorkin, who has represented Madoff since his Dec. […]
Madoff victims face grim prospects in court
The securities laws may be your worst enemy if you lost money in the Madoff scam. Investors are suing the feeder funds that channeled their money to Bernard Madoff, charging the feeders with fraud, negligence or breach of fiduciary duty. On the surface, the cases sound like slam dunks. They’re not. Congress and the courts […]
Lehman bankruptcy judge charged with slapping wife
U.S. Bankruptcy Judge James Peck in Manhattan, who is overseeing the liquidation of collapsed securities firm Lehman Brothers, was charged with attempted assault for allegedly slapping his wife. Peck, 63, was arrested Jan. 31 for third-degree attempted assault and second-degree harassment after a fight with his wife, Judith, at their home on Park Avenue, according […]
Madoff victims suspected a crime, just didn’t care
It turns out that some of the hedge fund and money managers who guided investors into the care of Bernard Madoff came to suspect that Madoff was breaking the law. How else to explain his returns? They pressed for answers, got none and told their clients, some of whom hightailed it out of the funds […]
SEC pick Schapiro pledges to reinvigorate enforcement
Mary Schapiro, seeking to win Senate confirmation to be chairman of the Securities and Exchange Commission, said she will “reinvigorate” an enforcement unit that has drawn fire from lawmakers for missing Bernard Madoff’s alleged $50 billion Ponzi scheme. “I will move aggressively to reinvigorate enforcement,” Schapiro told the Senate Banking Committee Thursday. “[...]
Madoff, thumbing nose, gives gifts, deserves jail
Holed up in his Upper East Side apartment as 2008 drew to a close, Bernard Madoff thought it a good idea to bestow on friends certain items. Cuff links his grandfather gave him, watches, a $200 pair of mittens, stuff totaling more than $1 million in value, went into packages he and his wife mailed […]
Thanks, Bernie, now we see the light about SEC
Thank you, Bernie Madoff. I want to be the first to give you credit for the great service you’ve done for the investing public. Your alleged misdeeds are so over the top, even for these times, that I think Congress might actually do something about the hopeless operation we know as the Securities and Exchange […]
Madoff, thumbing nose, gives gifts, deserves jail
Holed up in his Upper East Side apartment as 2008 drew to a close, Bernard Madoff thought it a good idea to bestow on friends certain items. Cuff links his grandfather gave him, watches, a $200 pair of mittens, stuff totaling more than $1 million in value, went into packages he and his wife mailed […]
Latest Opinion Digests
- Criminal Law: Child Abuse-Sufficiency Of Evidence-Closing Argument
- Civil Rights: Religious Freedom-RLUIPA-Res Judicata
- Civil Practice: Res Judicata-Stop Work Order
- Immigration: Drug Conviction-Removability-Overbreadth of State Offense
- Civil Practice: Asset Forfeiture-Sanctions
- Civil Rights: Due Process-Failure to State Claim
- Probate : Revocable Trust – Amendment – Reformation
- Employer – Employee : Unpaid Commissions – At-Will Status
- Criminal Law : Post-Conviction Relief – Effectiveness Of Counsel – Conflict Of Interest
- Appellate Practice : Jurisdiction – Final Judgment
- Domestic Relations : Parenting Plan – Child Support
- Criminal Law : Post-Conviction Relief – Guilty Plea – Sentence Advice
Top stories
- Cole County prosecutor loses third Sunshine Law appeal
- Supreme Court weighs lagging symptoms in work comp case
- New accommodation rights for pregnant workers offer broad protections
- Clark named as next Eastern District chief judge
- Russell reflects on change as women take charge of Missouri’s legal system
- NCAA scores positive gender equity review from St. Louis firm
- Big improvements for Missouri bar takers | List of bar passers
- Athena Dickson named vice-president of Missouri Bar
