Bernard Madoff’s Victims Collect $4.3B as US Government Fund Completes Payouts January 2, 2025 By Jonathan Stempel A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying...
Bernie Madoff Is Long Gone. The Lawyers Are Going Strong December 12, 2023 Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI...
Texas Investment Firm Settles Fraud Lawsuit for $2.51 Million Over Madoff Ponzi Scheme October 2, 2023 By Jonathan Stempel A Texas investment firm agreed on Friday to pay $2.51 million to settle a U.S. government lawsuit accusing it of...
Court Revives Bernie Madoff Customers’ $343M Clawback Suit Against Citigroup August 31, 2021 By Jonathan Stempel A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup...
Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82 April 14, 2021 By Jonathan Stempel and Bill Trott NEW YORK — Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to...
JPMorgan Not Liable to Madoff Customers, Court Rules April 27, 2017 By Jonathan Stempel JPMorgan Chase & Co. is not liable to a group of former customers of Bernard Madoff who blamed the bank...
Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M March 31, 2017 By Patrick Gower Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating...
Court Reinstates Whistleblower Retaliation Claim Against JPMorgan September 13, 2016 By Jonathan Stempel A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank...
Washington Jury Finds Auditors Liable for $10M in Madoff losses November 16, 2015 By Lisa Baumann A Seattle, Wash. jury has found of Ernst & Young liable for half of more than $20 million lost by...