Financial Fraud Law

Recent Posts

Trustee’s and Lawyers’ Fees Top $800 Million in Madoff Case – So Far
Posted on 9 Dec 2013 by Steven A. Meyerowitz

The outsized breadth and scope of the Madoff Ponzi scheme has required an outsized effort to investigate it and to respond to it, and that has required attorneys – a lot of them, spending a lot of time, over the past five years. The law firm... Read More

Litigation against the Madoff Family: Where Is It Today?
Posted on 9 Dec 2013 by Steven A. Meyerowitz

Of all the lawsuits brought against people allegedly involved in the Madoff Ponzi scheme, perhaps none are of as much interest as the actions involving Madoff family members. The most recent request for fees filed by Baker & Hostetler (B&H) explains... Read More

Final Four in Financial Fraud Law’s Top 10 of the Year Is Coming Next Week!
Posted on 27 Dec 2013 by Steven A. Meyerowitz

The Financial Fraud Law Blog Top 10 countdown is nearing conclusion. You already have seen our picks for #10 down through #5, which we summarize below. Stay tuned for the final four picks, coming right after the New Year! We wish all of the readers... Read More

Financial Fraud Prosecutor Jillian B. Berman Joins Levine Lee in New York City
Posted on 17 Jan 2014 by Steven A. Meyerowitz

Jillian B. Berman, who served for nine years as an Assistant U.S. Attorney at the U.S. Attorney’s Office for the Southern District of New York, has become a partner at Levine Lee LLP in New York City. As an Assistant U.S. Attorney, Berman directed... Read More

Facebook and Twitter Fraud Thwarted, SEC Says
Posted on 7 Mar 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has brought an emergency enforcement action to stop what it characterized as a fraudulent pyramid scheme by phony companies masquerading as a legitimate international investment firm. Toward that end, the SEC... Read More

Biloxi Breach: Attorney Pleads Guilty to Trust Account Fraud
Posted on 21 Mar 2014 by Steven A. Meyerowitz

An attorney in Biloxi, Mississippi, Stephen Richard Colson, has pleaded guilty in federal court to falsifying, concealing, and covering up material facts in connection with a scheme to defraud two banks and the bankruptcy court in violation of federal... Read More

5 Years After Madoff: Long Island Man Charged with Orchestrating a $5 Million Ponzi Scheme
Posted on 10 Dec 2013 by Steven A. Meyerowitz

Almost five years to the day after Bernard Madoff was arrested in Manhattan, federal prosecutors in New York – yes, in New York – have charged a man with wire and mail fraud for allegedly operating a Ponzi scheme. The indictment alleged... Read More

Madoff Employees’ Fate Now with the Jury
Posted on 17 Mar 2014 by Steven A. Meyerowitz

A jury of nine women and three men have begun to deliberate the fate of five former employees of Bernard Madoff’s company after receiving their instructions from U.S. District Court Judge Laura Taylor Swain in Manhattan. The trial involving a... Read More

Madoff Brother, Convicted and Jailed, Now is Disbarred
Posted on 19 Dec 2013 by Steven A. Meyerowitz

Peter Madoff – Bernard Madoff’s brother – has been disbarred. Just about five years to the day after Bernard Madoff’s Ponzi scheme came to light, just about one year to the day after Peter Madoff was sentenced to consecutive... Read More

Bernard Madoff Guilty Plea: 5 Years Ago Today
Posted on 12 Mar 2014 by Steven A. Meyerowitz

Five years ago today, on March 12, 2009, Bernard Madoff pleaded guilty to orchestrating the largest Ponzi scheme in history. That day, Madoff told the court, “I knew what I was doing was wrong, indeed criminal.” He said that when he began... Read More

4 Keys to JPMorgan’s Expected Madoff Deal
Posted on 7 Jan 2014 by Steven A. Meyerowitz

Here are the four key elements of JPMorgan Chase’s likely settlement with federal prosecutors over charges against the bank relating to the Bernard Madoff Ponzi scheme: The bank will pay $2 billion to settle civil charges and criminal charges... Read More

JPMorgan Admits Violation of the Bank Secrecy Act for Failed Madoff Oversight
Posted on 7 Jan 2014 by Steven A. Meyerowitz

J.P.Morgan Chase Bank, N.A., has admitted that it willfully violated the Bank Secrecy Act (BSA) by failing to report suspicious transactions arising out of Bernard Madoff’s decades-long, multi-billion dollar fraudulent Ponzi scheme. The bank... Read More

Madoff Victims Get More Time to File Claims with Fed’s Madoff Victim Fund
Posted on 24 Feb 2014 by Steven A. Meyerowitz

The deadline for filing claims with the federal Madoff Victim Fund (the “MVF”) has been extended to April 30, 2014. This extension was recommended by Special Master Richard C. Breeden, who is administering the MVF on behalf of the Department... Read More

A Pretty Good Couple of Days for Madoff Victims, Courtesy of JPMorgan
Posted on 8 Jan 2014 by Steven A. Meyerowitz

It has been a pretty good couple of days for Madoff victims. J.P.Morgan Chase reached a $2.05 billion settlement with federal prosecutors over its failure to properly exercise oversight of Bernard Madoff and his operations; $1.7 billion of that is... Read More

Still Relevant Five Years Later, He Is #6 in Financial Fraud Law for the Year
Posted on 26 Dec 2013 by Steven A. Meyerowitz

We know what you are thinking. Still? Five years later, he still makes the year’s Top 10 in Financial Fraud Law? How could that be? Here’s how: He orchestrated the largest Ponzi scheme in history, reverberating to this day. Criminal... Read More