executives or third parties such as accountants who participated in or abetted fraud, even via negligence (e.g., Refco, Madoff ). Narrowing the defense may make it easier for estates to win recoveries for creditors who suffered from corporate fraud that resulted in bankruptcy
NEW YORK (Reuters) - The trustee recovering money for Bernard Madoff 's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion.
NEW YORK, March 23 (Reuters) - The trustee recovering money for Bernard Madoff 's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion.
NEW YORK, Feb 20 (Reuters) - Victims of Bernard Madoff 's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court ruled on Friday, in a decision...
majority, he or she needs to be different. This implies that he or she can also, occasionally, be worse. Bernie Madoff ’s notorious Ponzi scheme, where he sold billions of his funds to investors by producing made-up performance statistics
NEW YORK, Jan 14 (Reuters) - After more than five years and 15 convictions, the U.S. government's criminal investigation of Bernard Madoff 's colossal Ponzi scheme may finally be coming to an end.
NEW YORK, Jan 12 (Reuters) - Two federal prosecutors who have led several high-profile fraud cases, including the government's criminal investigation of Bernard Madoff , are leaving the U.S. Justice...
NEW YORK, Dec 15 (Reuters) - A former manager at Bernard Madoff 's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi ...
trouble, if you remember, with the Bernie Madoff debacle. [Banco Santander agreed ..... claims by the trustee liquidating Madoff 's brokerage firm. The bank had ..... billion of its clients' money with Madoff .] So, they also were affected
of getting regulators to act. Harry Markopolos tried for years, without success, to get the SEC to shut down Bernie Madoff ’s Ponzi scheme. And, as documented in his book, “Fooling Some of the People All of the Time,” David Einhorn