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Irving Picard

Bernie Madoff Almost Caused The Mets To Build A Casino

The Huffington Post | Harry Bradford | Posted 02.05.2013 | Business

The owners of the New York Mets reportedly want to build a Las Vegas-style hotel and casino to help pay off a huge bill they owe the victims of Bernie...

Madoff Victims Get Huge Lump Of Cash

Reuters | Posted 11.20.2012 | Business

* Payout goes to 1,230 former customers * Payout will raise total recovery to $3.63 billion By Jonathan Stempel ...

Madoff Victims May Receive Biggest Payout Yet

Reuters | Posted 09.26.2012 | Business

By Jonathan Stempel NEW YORK, July 26 (Reuters) - The trustee seeking money for Bernard Madoff's former clients has asked a bankruptcy...

Madoff Trustee Seeking Hundreds Of Millions From Swiss Banks

Reuters | Posted 08.06.2012 | Business

* Hundreds of millions of dollars sought from private banks * Banks said to receive transfers from Madoff feeder funds *...

Does Anyone Ever Take Responsiblity for Anything Now?

Mitch Feierstein | Posted 07.31.2012 | Business
Mitch Feierstein

Transparency? Accountability? Responsibility? That's for little people. Consequences? Forget it: If you're rich, there are none. We live in Leona Helmsley's world now, and it's not a good place to be.

Thousands Of Ex-Madoff Clients Ineligible To Net Recovery Funds

The Huffington Post | Harry Bradford | Posted 01.06.2012 | Business

All these years later, the bad Bernie Madoff news keeps coming. Clients linked to the infamous fraudster's now defunct Bernard L. Madoff Investmen...

Feeder Fund Investors Not Counted As Madoff Victims

Posted 08.28.2011 | Business

NEW YORK (Jonathan Stempel) - Investors in "feeder funds" who lost money in Bernard Madoff's Ponzi scheme do not qualify as customers of the now-impri...

Madoff Trustee Triples Size Of JPMorgan Lawsuit

Posted 08.25.2011 | Business

NEW YORK (Jonathan Stempel and Jochelle Mendonca) - The trustee seeking money for Bernard Madoff's victims is now demanding $19 billion in damages fro...

HSBC Reaches Settlement Over Madoff Lawsuit

Posted 08.07.2011 | Business

HSBC (HSBA.L) said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administ...

Peter S. Goodman

Mets Owner's Message: "I'm Too Stupid to Have Known About Madoff" | Peter S. Goodman | Posted 07.24.2011 | Business

You all have New York Mets owner Fred Wilpon wrong. Yes, his comments to the New Yorker magazine, in which he denigrates his primary assets -- his...

Trustee Swings and Misses with Mets Owners

Brad Kurtzberg | Posted 07.05.2011 | Sports
Brad Kurtzberg

The SEC investigated Bernie Madoff numerous times during the 25 years the Mets owners made investments with him. It hardly seems fair to hold investors, in this case the Wilpons and the Katzes, to a higher standard than the SEC.

Madoff's Victims Could Soon Recover Some Losses

Posted 07.04.2011 | Business

A court-appointed trustee asked a federal bankruptcy judge to allow victims of Bernard Madoff's massive Ponzi scheme to start recovering some of their...

Madoff Trial Will Use Real Names Of Bank Employees, Judge Says

Posted 06.13.2011 | Business

The judge overseeing the liquidation of Bernard Madoff's investment firm on Tuesday rejected requests by banks to keep secret the names of current and...

Madoff: JPMorgan Should Expect A 'Big Settlement'

Posted 06.08.2011 | Business

Four months after being sued on behalf of Madoff's scammed investors, Madoff himself has attacked JPMorgan. In what is described as a "rambling" i...

UBS Accused Of 'Cheating' French Madoff Victims

Reuters | Posted 05.25.2011 | Business

PARIS (Reuters) - Swiss bank UBS "tricked" victims of Bernard Madoff's giant Ponzi scheme by sponsoring a Luxembourg-registered fund that for four yea...

Key SEC Official Criticized For Ties To Madoff

The New York Times | Louise Story and Gretchen Morgenson | Posted 05.25.2011 | Business

The Securities and Exchange Commission took a beating two years ago for failing to detect Bernard L. Madoff's multibillion-dollar Ponzi scheme during ...

Madoff Trustee: Lawsuits Delaying Money For Victims

Posted 05.25.2011 | Business

NEW YORK (By Jonathan Stempel) - The trustee seeking to recover money for investors victimized by Bernard Madoff's Ponzi scheme said he hopes to begin...

Madoff Interview: Banks 'Had To Know' Of Ponzi Scheme

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

Bernie Madoff: Banks 'Had To Know' Of Fraud

Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

JPMorgan Slams Madoff Trustee, Demands Trial

Posted 05.25.2011 | Business

(By Jonathan Stempel) JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of doing an end run ar...

JPMorgan Ignored Madoff Suspicions, Lawsuit Says

Posted 05.25.2011 | Business

JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments an...

Investors Snatching Up Madoff Victims' Claims | PETER LATTMAN and DIANA B. HENRIQUES | Posted 05.25.2011 | Business

The lawsuits filed by the trustee seeking money for Bernard L. Madoff's fraud victims may be a blow for the defendants -- but they are catnip for an o...

JPMorgan Worried Madoff's Returns Were 'Too Good To Be True'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Bernie Madoff's outrageous, unflagging returns struck a JPMorgan employee as "too good to be true" two months before his arrest, according to newly un...

Madoff Trustee Sues UBS, Investors For Ponzi Profits

Posted 05.25.2011 | Business

BANGALORE: The trustee liquidating Bernard Madoff's investment management firm sued UBS AG and various other entities for allegedly profiting from the...

Fred Wilpon, Mets Owner, Made Money Off Bernie Madoff | Posted 05.25.2011 | New York

Talk about getting caught in a jam. After watching his team go down to defeat this season, Mets owner Fred Wilpon now faces potential "clawback" suit...