Crime Bernard Madoff

  • NEW YORK, Nov 30- Preet Bharara, the top federal prosecutor in Manhattan known for pursuing a series of cases targeting public corruption and crime on Wall Street, said on Wednesday he has agreed to remain in his post after Donald Trump becomes U.S. president. Bharara, appointed to his position by Democratic President Barack Obama in 2009, told reporters...

  • US Attorney for the Southern District of New York Preet Bharara talks to the press at Trump Tower on another day of meetings with US President-elect Donald Trump on November 30, 2016.

    Bharara is known for his prosecutions of hedge-fund managers and insider trading.

  • NEW YORK, Nov 4- Victims of Bernard Madoff's Ponzi scheme will receive another $32.1 million under a new settlement over the swindler's ties to Cohmad Securities Corp, whose clients invested more than $1 billion with him. Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, on Friday announced the settlement with the estate of...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. A separate $15 million fund will pay claims by California investors, resolving litigation by that...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. Picard also said a $15 million restitution fund supervised by the office of California Attorney...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. Irving Picard, the trustee, said the accord requires court approval. Picard is also seeking approval for...

  • Brain scan

    Research shows that the amygdala responds less as we cheat more, which could make us lie more, the Verge reports.

  • Mark Cuban

    The Dallas Mavericks owner said that the New York businessman's reputation has been damaged.

  • NEW YORK, Sept 15- HSBC Holdings Plc on Thursday won the dismissal of a lawsuit by former Bernard Madoff customers who accused the British bank of fueling his massive Ponzi scheme by ignoring red flags and encouraging "feeder funds" to invest with him. District Judge Laura Taylor Swain in Manhattan said a federal law governing securities fraud cases prevented...

  • NEW YORK, Sept 12- A federal appeals court on Monday revived a former JPMorgan Chase& Co private banker's whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The 2nd U.S. Circuit Court of Appeals in New York found enough evidence to suggest that former JPMorgan employee Jennifer...

  • NEW YORK, Aug 10- A federal appeals court on Wednesday rejected a new bid by five former employees of Bernard Madoff's firm to overturn their convictions for helping their boss conceal his Ponzi scheme, which cost customers more than $17 billion. The order by the 2nd U.S. Circuit Court of Appeals means former back office director Daniel Bonventre, account...

  • NEW YORK, July 21- A federal bankruptcy judge on Thursday narrowed a $905 million lawsuit filed by the trustee seeking money for Bernard Madoff's victims against executives who ran a now-defunct Florida accounting firm that had close ties to the swindler. Bankruptcy Judge Stuart Bernstein in Manhattan said Irving Picard cannot recover alleged improper...

  • NYSE New York Stock Exchange traders markets

    Jim Cramer knows stocks have become a disgraced asset class. He offers alternatives for investor wary of the stock market.

  • The SEC probe comes on top of a Department of Justice inquiry and a raid by Federal Bureau of Investigation agents last month. Guidepost will also report to the SEC at least monthly, Schwartz wrote in the letter, which was seen by Reuters. The communication with the SEC will include the sale of assets from Platinum's portfolios and any potential violations of...

  • June 30- The court-appointed trustee liquidating Bernard Madoff's firm said he began on Thursday distributing another $190.2 million to fraud victims, boosting the total payout to about $9.47 billion. Irving Picard, the trustee, said his seventh distribution will go to 972 former customers of Bernard L. Madoff Investment Securities LLC.

  • Daniel Murphy #28 of the New York Mets criticized for taking a few days of paternity leave.

    The owners of the New York Mets have reached a revised agreement with the trustee seeking to recoup money for the victims of Bernard Madoff's fraud.

  • Bernie Madoff

    The trustee recouping money for Bernard Madoff's victims sought court approval to free up another $247 million to help cover their losses.

  • Stock fraud handcuffs

    Over the years, blindsided investors have lost big money from company's committing nefarious acts. The lesson: Do your research.

  • Bernard L. Madoff leaves U.S. Federal Court on Jan. 14, 2009, after a hearing regarding his bail in New York.

    More victims of the Bernard Madoff Ponzi scheme could be made whole under a motion filed Tuesday in U.S. Bankruptcy Court in New York.

  • People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    JPMorgan won the dismissal of a lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud.