The trustee representing investors cheated by Bernie Madoff sued Swiss bank UBS (UBS) for $2 billion.
The suit alleges that UBS collaborated with Madoff’s Ponzi scheme, The Associated Press reported. The suit alleges 23 counts of financial fraud and …
Annette Bongiorno and Joann “Jodi” Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and ta…
Just a few days after the auction of some of Ponzi scheme king Bernie Madoff’s prized possessions, it looks like the building that housed his opulent offices may be heading to the auction block as well.
The owners of Manhattan’s landmark Lipstick Buil…
From monogrammed slippers to a stuffed leather bull, here’s a look at some of Bernie Madoff’s intimate possessions that are going up for auction. Madoff is currently serving a 150-year prison sentence in North Carolina for perp…
The trustee in charge of the bankruptcy of Bernie Madoff’s investment firm spent $26.9 million in the six months ended Sept. 30. In that time, it has recovered $849,000 for the victims of Madoff’s Ponzi scheme.
The single largest expense for the period was $15.8 million in legal fees to trustee Irving Picard’s law firm, Baker Hostetler, Bloomberg News reported.
Of the funds…
Continue reading Madoff Trustee Spent $26.9 Million, Recovered $849,000
Madoff Trustee Spent $26.9 Million, Recovered $849,000 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:16:00.