June 26, 2014
by Dominic Yobbi
A former accountant for Bernard Madoff pleaded guilty Tuesday to charges connected to Madoff's multibillion dollar Ponzi scheme. Paul Konigsberg, a 78-year-old former senior tax partner at Konigsberg Wolf & Co and the last defendant in the Madoff prosecutions, pleaded guilty to one count of ...[read more]
March 25, 2014
by Bradley McAllister
A federal jury in the US District Court for the Southern District of New York on Monday returned a guilty verdict for five former associates of Bernard Madoff on charges they aided and profited from the Ponzi scheme that defrauded billions of dollars from investors. The former co-workers include: ...[read more]
January 9, 2014
by Amy Mathieu
A judge for the US District Court for the Southern District of New York approved a deal on Wednesday between the US Attorney's Office for the Southern District of New York and JPMorgan Chase to settle the criminal charges of failure to report suspicions about Bernard Madoff's Ponzi scheme. The ...[read more]
January 7, 2014
by Bradley McAllister
The US Attorney's Office for the Southern District of New York entered into a deferred prosecution agreement with JP Morgan Chase & Co. on Tuesday, which stipulates the bank will pay $1.7 billion to the US government for its role in the Bernard Madoff Ponzi scheme. A criminal complaint was ...[read more]
January 29, 2013
by Dan Taglioli
The US Court of Appeals for the Ninth Circuit on Monday refused to reinstate a lawsuit against the US Securities and Exchange Commission (SEC) by investment fraud victims of disgraced financier Bernard Madoff. The investors had sued the SEC under the waiver of sovereign immunity in the Federal ...[read more]
December 21, 2012
by Jaclyn Belczyk
Peter Madoff, brother of disgraced financier Bernard Madoff was sentenced Thursday to 10 years in prison for his role in Bernard Madoff's multibillion dollar Ponzi scheme. He pleaded guilty to charges including conspiracy to commit securities fraud, tax fraud, mail fraud and falsifying records of ...[read more]
November 9, 2012
by Arjun Mishra
Irwin Lipkin, a former controller of Bernard L. Madoff Investment Securities LLC, (BLMIS) pleaded guilty in a Manhattan federal court Thursday to falsifying records. The full range of charges to which Lipkin has pleaded guilty include conspiracy to commit securities fraud, to make false filings ...[read more]
July 26, 2012
by Rebecca DiLeonardo
Madoff trustee Irving Picard has asked a bankruptcy court to approve the release of between $2.5 and $3.5 billion in recovered assets so that it can be distributed to victims of the Bernard Madoff Ponzi scheme. Picard has recovered over $9 billion in assets on behalf of Madoff victims but was ...[read more]
June 29, 2012
by Sung Un Kim
Peter Madoff, brother of disgraced financier Bernard Madoff pleaded guilty Friday on charges connected with Bernard Madoff's multibillion dollar Ponzi scheme. He agreed to serve 10 years in prison and give up all of his assets in exchange for permission to remain free until the US District Court ...[read more]
June 26, 2012
by Jamie Davis
A New York judge on Friday approved a $410 million settlement agreement between hedge fund manager Ezra Merkin and the state of New York in a lawsuit connected with the Bernard Madoff Ponzi scheme. New York state brought suit against Merkin in 2009, accusing him of directing funds into Madoff's ...[read more]

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

© Copyright JURIST Legal News and Research Services, Inc., 2013.