In a severe blow to the quest to recover funds for the
benefit of victims of Bernard Madoff's $50 billion Ponzi scheme, a New York
federal judge threw out $20 billion of common law claims that the
court-appointed trustee had asserted against banking giants JP Morgan Chase
& Co. ("JP...
The court-appointed trustee overseeing the unraveling of
Bernard Madoff's massive Ponzi scheme has filed
an amended complaint in which he is seeking the return of $226.4 million from
several Madoff family members including Madoff's brother, sons, and niece (the
NEW YORK - Four Bernard L. Madoff Investment Securities
LLC feeder funds and several of their current and former owners and officers
have agreed to pay nearly $220 million to settle claims that they breached
their fiduciary duties under the Employee Retirement Income Security Act by
A federal judge has cleared the way for the public auction of a vast collection of fine art that once graced the walls of Bernard Madoff's now-defunct brokerage firm. The collection, which is valued at nearly $600,000 and includes pieces by Henri Matisse, Pablo Picasso, and Andy Warhol (one piece...