Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff’s Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
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Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff’s Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
Continue readin…
Mark Madoff may be dead, but the litigation against him isn’t going away anytime soon.
Last week, a court-appointed trustee sued Mark Madoff along with two of his siblings, saying they had used ill-gotten gains from their father’s fraud.
On Saturda…
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…