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Home » Posts tagged with » Ponzi scheme (Page 3)

8,000 Claims in Madoff Fiasco?

8,000 Claims in Madoff Fiasco?

The Securities Investor Protection Corporation and the trustee handling the liquidation of Bernard L. Madoff Investment Securities LLC have mailed more than 8,000 claim forms to customers who lost money…

Attorney General Recuses Self from Madoff Probe

Attorney General Recuses Self from Madoff Probe

US Attorney General Michael Mukasey has recused himself from the Department of Justice probe into the Madoff investment scandal. Mukasey’s son, Marc Mukasey, a partner at Bracewell & Giuliani, is…

Judge Questions Dewey & LeBoeuf’s $600 Per Hour

Judge Questions Dewey & LeBoeuf’s $600 Per Hour

Manhattan federal judge Denny Chin would like to know how New York City’s Dewey Cheatham & Howe & LeBoeuf can justify charging a $600 hourly rate for associates on a…

New York Law School Files Investor Suit Against Merkin

New York Law School Files Investor Suit Against Merkin

As we reported earlier today, New York Law School has filed an investor lawsuit against J. Ezra Merkin, one of his funds and its auditor over investments made through Bernard…

Jewish University Loses $110 Million in Madoff Mishegoss

Jewish University Loses $110 Million in Madoff Mishegoss

Yesterday we reported that the Jewish community is a little bit broygez over Bernard L. Madoff’s decision to rip off various Jewish charities for millions of shekels. Today we learn that…

Madoff’s (Alleged) Crimes Hit Charities Hard

Madoff’s (Alleged) Crimes Hit Charities Hard

Altman & Altman’s Boston Criminal Lawyer Blog is unamused by the illegal shenanigans of investor Bernard Madoff: Ironically, the Defendant’s [Madoff's] gift of restraints and forced government housing was connected to…

Guess What? I Gave Your Money To Madoff, And Now It’s Gone

Guess What? I Gave Your Money To Madoff, And Now It’s Gone

Last week, investment fund manager J. Ezra Merkin sent a very interesting letter to investors in his Ascot Partners fund. In the letter he just happened to mention that he might have…

Madoff Charged in $50 Billion-with-a-”B” Fraud, Sued by SEC [UPDATE]

Madoff Charged in $50 Billion-with-a-”B” Fraud, Sued by SEC [UPDATE]

Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, has been charged with operating what he told employees…

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