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Bernard Madoff

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  • June 30- Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them.

  • NEW YORK, June 26- A top official in the U.S. Attorney's Office in Manhattan who oversaw a number of high-profile insider trading cases is joining law firm Paul, Weiss, Rifkind, Wharton& Garrison, the New York firm said on Thursday.

  • NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, 78, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • Ex-Madoff accountant pleads guilty to aiding fraud Tuesday, 24 Jun 2014 | 12:00 PM ET

    NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • UPDATE 1-Ex-Madoff accountant expected to plead guilty Tuesday, 17 Jun 2014 | 3:43 PM ET

    NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing. District Judge Laura Taylor Swain in Manhattan.

  • NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges that he helped the convicted swindler run his massive Ponzi scheme, a U.S. prosecutor said on Tuesday at a court hearing.

  • June 12- Wall Street's industry-funded watchdog is optimistic that its plan to let securities arbitrators immediately report frauds they learn about in the middle of a case will finally take effect.

  • WASHINGTON/ NEW YORK, June 6- U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.

  • In April, the New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • In April, The New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • The Obama administration is supporting big banks saying that the Supreme Court should not hear a case that would allow Madoff trustee, Irving Picard to seek billions in damages, reports CNBC's Scott Cohn.

  • NEW YORK, May 13- A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher than expected, the official in charge of the fund said on Tuesday.

  • Investors seek over $40 bln from Madoff victim fund Tuesday, 13 May 2014 | 2:19 PM ET

    NEW YORK, May 13- The overseer of a U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme on Tuesday said he has received roughly 51,700 claims seeking to recoup more than $40 billion, both totals far higher than expected.

  • NEW YORK, May 7- Samuel Israel, a hedge fund manager who faked his own suicide to avoid prison after admitting to running a $450 million fraud, is trying to shorten his 22- year sentence or be set free, saying his health has worsened and authorities can't take care of him.

  • WASHINGTON, May 7- Americans convicted of fraud and other white-collar crimes gained a new defender on Wednesday as an advocacy group that has long fought strict drug sentences launched a campaign pushing for lighter punishment for financial crimes.

  • NEW YORK, May 6- Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis.

  • Nearly $6B returned to Madoff's victims so far Monday, 5 May 2014 | 12:16 PM ET
    Bernard Madoff, founder of Bernard L. Madoff Investment Securities LLC, leaves federal court in New York, U.S., on Tuesday, March 10, 2009.

    Irving Picard, the trustee liquidating Bernard Madoff's firm, said that the fourth payout will go to Madoff's victims of the Ponzi scheme.

  • NEW YORK, May 5- The trustee liquidating Bernard Madoff's firm on Monday began distributing another $351.6 million to the swindler's former customers, boosting the amount recouped to nearly $6 billion.

  • NEW YORK/ ST LOUIS, May 2- The U.S. Treasury Department has frozen all recruitment by its anti-money laundering arm and forced the agency to rescind 11 job offers, after an investigation found it violated the federal employment code during an aggressive hiring push, according to several government officials.

  • Ex-Madoff aides ask judge to toss convictions Wednesday, 16 Apr 2014 | 1:59 PM ET
    Daniel Bonventre, age 67, who served as Director of Operations for Madoff Investment Securities, leaves federal court after being found guilty of charges of aiding, assisting and profiting from the Ponzi scheme run by Bernard Madoff on March 24, 2014 in New York City.

    Five former Bernard Madoff aides have asked a US judge to throw out their convictions, after a jury found them guilty of fraud and conspiracy.