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LONDON (NYTimes) — British authorities have started an investigation into millions of dollars of payments from the operations of the convicted money manager Bernard L. Madoff to companies linked to the Austrian banker, Sonja Kohn, an Austrian official confirmed on Friday.
The Serious Fraud Office had asked Austrian prosecutors in May for help in investigating payments [...]
Written on July 3, 2009 | Posted in
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NEW YORK (AP) – Federal authorities are pressing a probe of 10 associates of Bernard Madoff despite a sentence that means the mastermind of one of the biggest financial frauds in history will spend the rest of his days behind bars, The Associated Press has learned.
A person, who spoke on condition of anonymity because the [...]
Written on June 30, 2009 | Posted in
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NEW YORK (AP) – A judge should not delay Bernard Madoff’s sentencing even though investigators have yet to determine how much money investors lost in the disgraced financier’s multibillion-dollar Ponzi scheme, prosecutors said.
A fragmentary record of the activities of Madoff’s firm, some of it going back as far as 1979 and on microfilm that needs [...]
Written on June 20, 2009 | Posted in
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By LARRY NEUMEISTER
Associated Press Writer
NEW YORK (AP) – Prosecutors filed a motion Friday indicating that Bernard Madoff may be ready to plead guilty to charges that he carried out one of the biggest financial frauds in history.
The U.S. Attorney’s office suggested Friday in a brief court filing that Madoff is ready to waive an indictment. [...]
Written on March 6, 2009 | Posted in
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NEW YORK (AP) – Bernard Madoff could be forced to trade his luxurious penthouse for a jail cell.
A New York City judge is set to rule Monday on whether the disgraced financier should have his bail revoked and be sent behind bars.
Madoff is accused of burning investors in a $50 billion fraud.
While free on bail, [...]
Written on January 12, 2009 | Posted in
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Stephen Bernard, Associated Press Writers
NEW YORK — An attorney for Bernard Madoff said the disgraced Wall Street money manager would give the Securities and Exchange Commission a list of his personal assets by 5 p.m. EST Wednesday to comply with a court order. The list will provide an account of property that could eventually be [...]
Written on December 31, 2008 | Posted in
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NEW YORK (AP) – A Manhattan bankruptcy judge will hear a request by the trustee overseeing the liquidation of Bernard Madoff’s investment firm for a $28 million transfer to cover expenses.
A hearing on trustee Irving Picard’s request is scheduled for Tuesday. The trustee outlined the terms of an agreement reached with the Bank of New [...]
Written on December 30, 2008 | Posted in
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Jennifer Peltz, Associated Press Writer
This Dec. 17, 2008 file photo shows Bernard Madoff, chairman of Madoff Investment Securities, returning to his Manhattan apartment after making a court appearance in New York. (AP Photo/Jason DeCrow, File)
NEW YORK — Of all the words that have been used to describe the Bernard L. Madoff scandal, the most emotionally [...]
Written on December 25, 2008 | Posted in
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NEW YORK (AP) – One of the United States’ leading educational philanthropies announced that it would close in the coming months, brought down by the alleged financial fraud orchestrated by Bernard Madoff.
Barbara Picower, who along with her husband, Jeffry, established the Picower Foundation in 1989, said in a statement on Friday that the foundation’s grant-making [...]
Written on December 20, 2008 | Posted in
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By JOE BEL BRUNO and JANE WARDELL
AP Business Writers
NEW YORK (AP) – The list of investors who say they were duped in one of Wall Street’s biggest pyramid schemes is growing, snaring some of the world’s biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities.
The alleged victims who sunk [...]
Written on December 15, 2008 | Posted in
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