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]
February 10, 2014
by G. Redd
Bankruptcy is a process through which a person who is unable to pay his or her debts is granted relief from the courts by undergoing a supervised step-by-step repayment plan; many debts are partially paid as fairly as possible with the assets that the debtor has. Many small US cities are ...[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]
September 11, 2013
by G. Redd
A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without accounting for inflation over the past five years. Under the Securities Investors Protection ACT (SIPA), ...[read more]
April 10, 2013
by Michael Haggerson
The US Court of Appeals for the Second Circuit on Wednesday affirmed the dismissal of a suit by victims of the Bernie Madoff Ponzi scheme against the US Securities and Exchange Commission (SEC). The Madoff victims had argued that the SEC was liable under the Federal Tort Claims Act (FCTA) for ...[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]

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