Madoff fraud hits investors worldwide

Bernard Madoff, a prominent money manager and former chairman of the Nasdaq Stock Market, has confessed to losing $50 billion of his investors' funds in a Ponzi scheme

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Trustee seeking $22.1m

Irving Picard, the liquidator for Bernard Madoff's investment advisory business, asked a judge to approve $22.1 million in fees for him and his team with the law firm Baker & Hostetler LLP for five months of work.

Madoff auditor pleads guilty

David Friehling pleaded guilty to securities fraud and other charges in District Court in Manhattan in a deal that could leave him behind bars for years.

Madoff victims recoup $534m

More than $534 million has been paid to 1,368 victims of Bernard Madoff through the national fund that insures against failed brokerage firms, a trustee said.

Madoff trustee seeks $7b

A trustee recovering Madoff's assets for jilted investors has labeled a Florida philanthropist as the biggest beneficiary of the multibillion-dollar fraud and demanded that he return more than $7 billion in bogus profits.

Trustee may divvy up Madoff's assets

The United States may hire Irving Picard, the trustee for Bernard L. Madoff Investment Securities, to help distribute assets to Madoff’s investors, according to a court filing.

Properties to be auctioned

Properties
Days after being sentenced for running the largest Ponzi scheme in US history, Bernard Madoff's properties were seized by US marshals. Take a look at what will be sold.

Sotheby's to sell Madoff's NYC home

Sotheby’s International Realty in New York was selected by the US Marshals Service as brokers for the sale of Bernard Madoff’s New York City penthouse apartment, according to people familiar with the decision.

Galvin settles with Madoff feeder fund

Secretary of State William F. Galvin's office has reached a settlement agreement of $8 million with Bernard Madoff feeder fund Fairfield Greenwich Advisors.
Followers of a mystical religion taken in by Madoff

Followers of a mystical religion taken in by Madoff

A number of Sufis, including Saphira Linden, entrusted their money to a California lawyer, who in turn placed their money with Bernard Madoff.

Galvin finds new victims

Massachusetts' top securities regulator said that he identified three more victims who lost millions of dollars in Bernard Madoff's Ponzi scheme.

Galvin won’t settle case

Secretary of State William F. Galvin has rejected an offer by Fairfield Greenwich Advisors to settle fraud charges he filed against the investment firm for allegedly failing to protect clients from swindler Bernard L. Madoff.

Madoff aide pleads guilty

After months of secretly working with the FBI, Bernard Madoff’s right-hand man pleaded guilty to conspiracy and other charges, contradicting claims by the disgraced financier that he acted alone.

Shapiro tax filing shows a steep loss

The family foundation of Carl Shapiro, one of Bernard Madoff’s longtime friends and investment clients, has amended its taxes to reflect more than $140 million in losses to the convicted swindler.

Galvin says firm failed in oversight

Massachusetts Secretary of State William F. Galvin contends that Fairfield Greenwich Group should have seen the signs that Madoff was hiding something.
Trustee sues Madoff's wife

Trustee sues Madoff's wife

The trustee overseeing the liquidation of Bernard Madoff's assets sued the swindler's wife, asking for nearly $45 million that he says was spent on "a life of splendor."

Recovery lawsuits progress

The trustee liquidating Bernard Madoff’s business told a judge he is in settlement talks with three Fairfield Greenwich Group hedge funds accused of taking $3.54 billion in fake profit from the conman’s fraud.

Madoff victim pays for employees' 401(k)

Philanthropist Ronald I. Lappin is using $5 million of his own money to restore the retirement savings of his employees who lost their nest eggs to admitted swindler Bernard L. Madoff.
shapiro

Uneasy times for Shapiros

Eleven days ago, while Bernard Madoff was in a Manhattan jail cell awaiting his sentence, his old friend Carl Shapiro was enjoying a family dinner in Boston.

US marshals seize Madoff NYC penthouse

Federal marshals seized disgraced financier Bernard Madoff’s $7 million Manhattan penthouse yesterday and forced his wife to move out and leave her possessions behind, including a fur coat she asked to take with her.

Madoff gets 150 years

Despite claims of contrition, Bernard L. Madoff was sentenced to 150 years in prison for what a federal judge called an act of “extraordinary evil.’’
Ponzi schemes explained
interactive graphic

Ponzi schemes explained

Madoff defrauded investors in an alleged Ponzi scheme. Here's how they work.

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