5 hrs ago
Prosecutors, defense spar over $150 billion forfeiture for Madoff aides
Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it? Prosecutors are seeking more than $150 billion in criminal forfeiture from the longtime employees of ... (more)
Mon Jul 28, 2014
It's Not Denny Chin's Fault He Ruled On A Fake Motion Filed By 'Bernie Madoff'
The federal judge didn't notice that the request to dismiss the charges against the guy he sentenced to 150 years in prison was filed by one " Frederick Banks, the Litigator Legal Asst ."
Harvard Business School
Eyes Shut: The Consequences of Not Noticing
Editor's note: Behavioral economist Max H. Bazerman decided to pursue the subject of noticing after realizing that he wasn't very good at it himself.
Judge cites danger of 'sucker lists' in refusing to release names ...
A federal judge last month denied a request by Inside Edition for a list of the financial victims of Jordan Belfort, the stockbroker whose crimes were depicted in The Wolf of Wall Street .
Sun Jul 27, 2014
ConstanceDEVILS Dancing on the Graves
It's hard to resist being gleeful at seeing Wall Street swindler Bernard Madoff get the maximum sentence - 150 years in prison - for bilking investors out of anywhere between $65 billion and $171 billion.
Sat Jul 26, 2014
Our Views: Credible safety net
With great reluctance, its chief says, the agency charged with protecting the financial interests of bilked investors has seized on a legal argument that avoids paying the bilked investors of Allen Stanford - costing many Louisiana families millions of dollars in potential relief.
ABA Banking Journal
Careful diligence helps banks stay away from schemers
Since the global recession of 2009, the doors on many Ponzi schemes, like the one orchestrated by the infamous Bernie Madoff, have been blown wide open.
Fri Jul 25, 2014
Con artist files 'suit' for Bernie Madoff
A convicted con artist formerly of Pittsburgh with a propensity for writing frivolous civil suits is believed to have filed an apparently fake motion in Manhattan federal court to dismiss charges against Bernie Madoff, the jailed and infamous Ponzi scheme mastermind.
Madoff Five Face Sentencing as U.S. Calls Denials Galling
Five ex-aides to Bernard Madoff who prosecutors say have shown a "galling" lack of remorse since being convicted of fraud in March are set to be sentenced next week for propelling the biggest Ponzi scheme in U.S. history.
Thu Jul 24, 2014
U.S. judge won't overturn convictions of five ex-Madoff employees
The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.
The Washington Post
Ex-Merrill Chief Steffens Cleared by Jury Over Madoff Losses
Former Merrill Lynch & Co. brokerage chief John "Launny" Steffens and his investment firm Spring Mountain Capital LP were cleared by a jury in a trial over a customer's losses in Bernard Madoff's $17.5 billion fraud.
Wed Jul 23, 2014
U.S. District Court Limits the Extraterritorial Application of U.S....
On July 6, 2014, Judge Jed S. Rakoff, United States District Judge for the Southern District of New York, declined to extend the reaches of section 550 of the Bankruptcy Code abroad to permit the recovery of funds that were alleged to be fraudulently obtained by Bernard L. Madoff Investment Securities LLC in connection with Bernard Madoff's Ponzi ... (more)
Bernie Madoff Judge Scammed by Fake 'Bio-Electric Scanners' Motion
Now he may be the victim of a forgery himself, after a U.S. judge on Wednesday denied a bizarre motion supposedly filed by Madoff that claimed the U.S. intelligence agencies used "bio-electric sensors" to influence the case against him.
U.S. judge dismisses suit claiming JPMorgan knew of Madoff fraud
A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.
Tue Jul 22, 2014
Synopsis: Bill Ackman's Herbalife Presentation-Round 2
Pershing Square Founder and CEO, Bill Ackman, has taken the offensive once again in his billion dollar short of Herbalife .
OMG, I Think I've Been Scammed
Americans lose an estimated $40 billion to $50 billion a year to investment scams, according to the Financial Fraud Research Center.
Mon Jul 21, 2014
Court rules Stanford victims cana t get protection agency funds
The Securities Investor Protection Corp.'s emergency fund is not available to people who were fleeced of billions of dollars by Houston swindler Robert Allen Stanford, an appellate court has ruled.
Zelizer: Are Democrats afraid of the inequality issue?
In the early 20th century, industrial tycoons like the Rockefellers and Carnegies amassed fortunes in railroads, steel or oil.
Lesson from Madoff: Avoid family-run investment firms
Looking for some sleazy beach reading? Here's a tale of a whole family ripping off investors: Bernie Madoff and his sons are back in the news.
Fri Jul 18, 2014
RPT-Maddoff associates should get 'significant' time -prosecutors
Five former employees of disgraced investment manager Bernard Madoff should be sentenced to "significant" prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday.