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Bernie Madoff Says He's Terminally ill, Asks For Release From Prison
Thursday, February 6, 2020 - 3:41am | 612Read More...Bernard Madoff, the infamous Ponzi schemer, asked to be granted an early release due to his poor health conditions. What Happened Madoff, 81 has said that he is dying of terminal kidney disease and asked a judge on Wednesday for an early release from prison. He is currently serving a 150-...
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Picard Says $1B in Payments to Be Made to Madoff Investors
Thursday, July 28, 2011 - 1:22pm | 72Read More...Irving H. Picard, the Trustee for the SIPA liquidation of Bernard L. Madoff Investment Securities LLC, today announced that he has reached a settlement with more than a dozen domestic and foreign investment funds, their affiliates and a former chief executive associated with Rye, New York-based...
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Settlement Agreement Reached with Joint Liquidators of Fairfield Sentry, Madoff's Largest Feeder Fund
Monday, May 9, 2011 - 4:35pm | 550Read More...Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, announced today that he has reached a settlement agreement with Kenneth Krys and Joanna Lau, the Joint Liquidators of Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited,...
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What's Hot on TheStreet
Wednesday, February 9, 2011 - 1:51pm | 221Read More...Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 'Safe' Strategies Can Be Their Own Risks Market volatility and a lingering hangover from the recession has left many investors uncertain what to do when it comes to long-term strategies such as retirement plans...
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Major Madoff Settlement to Be Announced at Noon
Friday, December 17, 2010 - 10:47am | 31Read More...A press conference will be held today at 12 p.m. to announce a settlement with the Estate of Jeffry M. Picower to benefit the victims of Bernard L. Madoff's Ponzi scheme.
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Madoff Trustee Announces $500MRecovery Agreement With Swiss Bank Union Bancaire Privee
Monday, December 6, 2010 - 5:47pm | 81Read More...Irving H. Picard, a partner with Baker & Hostetler LLP and the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, announced today that he has entered into a settlement agreement with Union Bancaire Privee, UBP S.A., a Swiss private bank, and a related entity, M-...
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What's Hot on TheStreet
Tuesday, October 19, 2010 - 12:20pm | 283Read More...Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Coldwater Creek Stock in Hot Water Coldwater Creek (NASDAQ: CWTR) is up a creek without a paddle, as the women's apparel retailer said on Tuesday it expects to report a loss in its third quarter. But what exactly...
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Madoff’s Accountant Accepts His Guilt
Wednesday, November 4, 2009 - 11:06am | 139Read More...According to The New York Times, Bernard L. Madoff’s longtime accountant David G. Friehling has pleaded guilty in federal court to 9 criminal charges. The potential prison term for Friehling could be 114 years. With that, the Madoff fraud seems to veer from being a security fraud to criminal tax...
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The Bank Of New York, KPMG Never Blew The Whistle On Madoff's Biggest Investment Fraud
Wednesday, October 21, 2009 - 12:18am | 144Read More...There is hope for justice to be done after investors swindled by Bernard Madoff have included accounting firm KPMG (KPMG.UL), JPMorgan Chase (JPM.N) and Bank of New York Mellon (BK.N) to a civil lawsuit in a New York court. Through lawyer Joseph Cotchett, they have also included in the list, other...
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Barron's Finds Even The Rich Turn To ETF as a Safe Investment
Sunday, October 18, 2009 - 9:24am | 137Read More...Exchange-Traded Funds seem to have gained the confidence of the rich, Barron's says, because they are tax efficient, low cost and offer transparency and liquidity. ETFs are an excellent way to diversify portfolios into all asset classes, with firms like Morgan Stanley Smith Barney finding an...
