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Madoff Victims

Madoff Victims' Payout Nears $7.2 Billion, Trustee Says

Reuters | Posted 02.22.2015 | Business

By Joseph Ax NEW YORK, Dec 22 (Reuters) - Victims of Bernard Madoff's massive Ponzi scheme will get a fresh $322 million payout if a ...

Madoff Victims Look To Recoup Additional $2.35 Billion

Reuters | Posted 01.25.2014 | Business

By Jonathan Stempel NEW YORK, Nov 18 (Reuters) - Thousands of victims of Bernard Madoff's fraud, including many who have so far recove...

Judge Tosses Madoff Victims' Suit Agaist JPMorgan Chase

Posted 01.02.2012 | Business

A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking ...

Can Anyone Stop the Next Madoff?

Jeff Prosserman | Posted 10.25.2011 | Business
Jeff Prosserman

In late 1999, Boston-based securities analyst Harry Markopolos discovered Bernard Madoff was running the largest Ponzi scheme in world history. His team pursued the truth for nearly a decade, only to find no one would listen.

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...

Madoff Underwear Sells For $200 At Florida Auction

AP | Posted 08.05.2011 | Business

MIAMI -- Thousands of buyers vied for items that once belonged to convicted swindler Bernard Madoff, with 14 pairs of underwear going for $200 and a p...

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...

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 begi...

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 ru...

Madoff Victims To Get Up To $500 Million From Swiss Bank

AP | The Associated Press | Posted 05.25.2011 | Business

NEW YORK — A private Swiss bank has agreed to pay up to $500 million to investors defrauded by Bernie Madoff. The trustee appointed to recover ...

Madoff trustee Sues HSBC For $9 Billion

AP | TOM HAYS | Posted 05.25.2011 | Business

NEW YORK — HSBC prolonged disgraced financier Bernard Madoff's ability to burn investors by "engineering a labyrinth" of international sources of fu...

Madoff Victims' Trustee Files Dozens Of Lawsuits

AP | Posted 05.25.2011 | Business

NEW YORK — Relatives of both Bernard Madoff and his wife are among those being targeted in 40 lawsuits announced Friday by the trustee endeavori...

John Malkovich: Madoff Owes Me $2.2 Million

AP | Posted 05.25.2011 | Business

NEW YORK — Actor John Malkovich's lawyers have complained to a judge in New York overseeing the bankruptcy of jailed financier Bernie Madoff that he...

Madoff Victim Alexandra Penney On Why Losing Everything Wasn't So Bad: 'The Bag Lady Papers' (VIDEO)

Posted 05.25.2011 | Books

Madoff victim Alexandra Penney, the former editor of Self Magazine, has written a book, "The Bag Lady Papers," on why her experience of losing everyth...

Video: Madoff Victims Sue SEC

MSNBC | MSNBC | Posted 05.25.2011 | Home

Madoff victims are suing the SEC, and John Oleske, a securities litigator at Herrick Feinstein, the firm filing the suit, talks to CNBC. (CNBC) ...

Madoff Scandal Still Hurting Charities On Year Later

AP | DAVID B. CARUSO | Posted 05.25.2011 | Business

NEW YORK — Nancy Falchuk will never forget the phone call. She was in Boston, it was raining and the news was bad. Hadassah, the century-old Jew...

The Madoff Victims Who Came to Dinner

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Nino Selimaj offered Madoff's victims free meals for an entire week at one of his seven city Nino's restaurants where the average dinner check, with wine, runs between $85 and $95 per person.

Two Madoff Victims File Lawsuit Against The SEC

Reuters | Tom Hals | Posted 05.25.2011 | Business

Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at leas...

Madoff Trustee Irving Picard: Let Madoff's Sons Go Bankrupt (VIDEO)

Posted 05.25.2011 | Business

The man in charge of unwinding Bernie Madoff's massive Ponzi Scheme appeared on 60 Minutes last night, in one of his first major public appearances. (...

Madoff Sons May Pay For His Sins: Trustee Seeks Millions On Behalf Of Victims

CBS News | Font Size | Posted 05.25.2011 | Business

CBS News has learned the court-appointed trustee overseeing the Madoff case is ready to up the ante on behalf of victims. Trustee Irving Picard is po...

Madoff Victims Receiving IRS Refunds | ARDEN DALE | Posted 05.25.2011 | Business

The Internal Revenue Service has begun to send refund checks to Madoff investors who paid taxes on money they thought they had made before the massive...

Mass. Philanthropist Repays Madoff Victims

AP | Posted 05.25.2011 | Business

BOSTON — A Massachusetts philanthropist who lost most of his personal fortune in the Bernard Madoff scandal has paid $5 million out of his own p...

Bernard Madoff and the Art of Financial Self-Delusion

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Among the multitude of Madoff clients who were literally picked clean of their life savings, I was struck by the contradiction between their apparent intelligence and acute naiveté.

150 Years

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

The 150-year sentence is headline grabbing, but what should surprise us is not that Madoff got such a long sentence, but that other corporate criminals escape with no criminal prosecution at all.

Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Madoff is more than just a sociopath. Too much of this story doesn't hang together and he was too functional in other aspects of his existence.