Hints and tips:
...Many are unaware that a bankruptcy trustee, Irving H. Picard, has doggedly and successfully pursued those who took more money out of the scheme than they put in....
...Using money from lifeguarding and installing sprinklers, he started a tiny brokerage, Bernard L Madoff Investment Securities, in 1960 and built it into a powerhouse with the controversial tactic of paying...
...His firm, Bernard L Madoff Investment Securities, also managed an increasing pile of private and institutional money and reported steady, market-beating returns....
...Regulators around the world are also seeking to clamp down on misbehaviour in the market in the wake of a series of hedge fund scandals involving high-profile groups such as Bernard L Madoff Investment Securities...
...It is currently being sued in the US by the Madoff trustee, Irving Picard, who alleges improper conduct and is seeking money for victims of the scheme....
...On Monday Irving Picard, the bankruptcy trustee, said he had agreed to settle negotiations with Herald Fund SPC and Primeo Fund, two feeder funds which brought clients’ money to Madoff....
...Irving Picard, the New York-based trustee for the liquidation of Bernard L Madoff Investment Securities, or BLMIS, has so far recovered $10.3bn of the $17.5bn lost through Madoff’s scam....
...Irving Picard, trustee of the Madoff Recovery Initiative – a group that has recovered nearly $10bn of the $17bn lost by Madoff clients – filed an amended civil lawsuit in July this year alleging that the...
...The court rejected without comment an appeal from Irving Picard, the trustee liquidating Madoff’s securities firm, in the latest twist of the lengthy legal proceedings aimed at recovering billions of dollars...
...Irving Picard, the trustee overseeing the liquidation and disbursement of settlements, has filed several lawsuits against banks and JPMorgan Chase remains under criminal investigation....
...About $1.7bn of that will be distributed to investors. Irving Picard, the trustee liquidating the firm, has filed lawsuits against numerous bank and others....
...The US Court of Appeals for the Second Circuit in New York ruled that Irving Picard, the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, did not have standing in the case....
...Irving Picard, the trustee liquidating the firm, has filed lawsuits against numerous bank and others seeking to recover money....
...Madoff was testifying as a witness for the liquidators of Madoff Securities International (MSI), who are suing MSI’s former London directors – including Stephen Raven, the former chief executive, and Bernard...
...The liquidators of Madoff Securities International (MSI) are suing MSI’s former London directors including Stephen Raven, the former chief executive, and Madoff’s son Andrew in an attempt to recover about...
...US officials said on Tuesday that the settlement, together with money recovered by Irving Picard, the trustee handling the liquidation of the Madoff estate, should compensate investors “for all or nearly...
...Victims of convicted ponzi schemer Bernard Madoff will receive cheques totalling $2.5bn this week, the largest distribution of funds recovered by the trustee for the estate since the fraud was discovered...
...Irving Picard, the court appointed trustee liquidating the Madoff fund, has sued Peter Madoff and other family members seeking $255m....
...David Becker, the former top lawyer for the Securities and Exchange Commission who came under fire for his involvement in the agency’s decisions relating to Bernard Madoff, has agreed to pay more than $550,000...
...Indeed, Mr Wilpon was a close personal friend of Mr Madoff, and had invested much of his personal wealth, and the team’s finances, in Bernard L Madoff Securities....
...The trustee charged with overseeing the recovery and distribution of lost monies, Irving Picard, has collected $8.69bn – roughly half the $17.3bn in customer funds estimated to have been lost to the fraud...
...Liquidators of the Madoff estate are pursuing Mrs Kohn and directors of Madoff Securities International, the English company owned by Mr Madoff, for the return of assets....
...Madoff Investment Securities LLC, where they were once customers....
...In a strongly worded opinion, Judge Jed Rakoff rejected the legal theory pursued by Irving Picard, the court-appointed trustee for Bernard L....
...The US trustee overseeing the dissolution of Bernard Madoff’s investment company is seeking $43.8m in legal fees for himself and his law firm for work done in the past six months, bringing the total expenses...
International Edition