Crime Bernard Madoff

  • 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...

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  • 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.

  • May 26- Nearly 7-1/ 2 years after Bernard Madoff's Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler's victims on Thursday sought court approval to free up another $247 million to help cover their losses. Bankruptcy Judge Stuart Bernstein is expected to review the payout at a June 15 hearing in Manhattan.

  • NEW YORK, May 18- The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was "substantially"...

  • NEW YORK, May 18- JPMorgan Chase& Co on Wednesday won dismissal of a lawsuit brought by former customers of Bernard Madoff who blamed the U.S. bank for playing an active role in his Ponzi scheme and ignoring red flags of his fraud. District Judge John Koeltl in Manhattan said the plaintiffs failed to show that JPMorgan had specific control over Madoff's fraud.

  • NEW YORK, May 18- JPMorgan Chase& Co on Wednesday won the dismissal of a lawsuit by former investors of Bernard Madoff's firm who blamed the largest U.S. bank for turning a blind eye to his Ponzi scheme. District Judge John Koeltl in Manhattan said the plaintiffs failed to show that JPMorgan had specific control over Madoff's fraudulent activities.

  • *Justice Department has issued subpoenas to examine records of Citadel, KCG. The Justice Department has subpoenaed information from Citadel and KCG related to the firms' execution of stock trades on behalf of clients, according to people familiar with the investigation. The Justice Department has looked at a number of high-speed trading firms that pay retail...

  • *Justice Department has issued subpoenas to examine records of Citadel, KCG. The Justice Department has subpoenaed information from Citadel and KCG related to the firms' execution of stock trades on behalf of clients, according to people familiar with the investigation. The Justice Department has looked at a number of high-speed trading firms that pay retail...

  • NEW YORK, April 20- A U.S. appeals court on Wednesday upheld the convictions of five former employees of Bernard Madoff's firm who prosecutors said helped their boss conceal his multibillion-dollar Ponzi scheme for years. The 2nd U.S. Circuit Court of Appeals in New York rejected arguments by the ex-employees' lawyers challenging various lower-court rulings...

  • April 8- Bernard Madoff must submit to a deposition by lawyers for some former customers who lost money when the imprisoned swindler's firm collapsed in December 2008, a judge ordered on Friday. Bankruptcy Judge Stuart Bernstein in Manhattan set strict limits on what Madoff can be asked. Picard has recouped roughly $11.1 billion of the estimated $17.5 billion...

  • NEW YORK, April 4- A federal bankruptcy judge has ruled that Bernard Madoff can be questioned by lawyers for some former customers who lost money when the imprisoned swindler's firm collapsed in December 2008, a Monday court filing shows. Bankruptcy Judge Stuart Bernstein in Manhattan authorized a deposition of Madoff at a March 23 hearing, and Monday's filing...

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  • 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.