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Tzvee's Talmudic Blog (Free subscription) | 11/15/2009
That was the scandalous year that was. So bad, the Forward added a category for Scandal and had no trouble deciding who ought to be featured. Some scandals quickly cool and fade away. These will linger and simmer for years. Scandal Losing: Convicted Ponzi schemer Bernard Madoff and financier and money manager J. Ezra Merkin. Bernard Madoff Bernard Madoff leapt this past year from relative...
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Daily Intelligencer - New York Magazine (Free subscription) | 11/09/2009
J. Ezra Merkin is very sued. Irving Picard, the bankruptcy trustee responsible for liquidating Bernie Madoff’s investment firm, dropped one of twelve claims against J. Ezra Merkin, the man who reaped in a large chunk of Madoff’s fake profits. The total value of the suit hasn’t changed from $564.6 million, but $279 million of that will have to come from...
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Madoff Help News & Assistance (Free subscription) | 11/09/2009
The liquidator for Bernard Madoff’s firm reduced by $279 million the amount of fake profit he wants returned from J. Ezra Merkin’s Ariel and Gabriel funds, which invested one-fourth of their money with the con man. Trustee Irving Picard, who is suing Madoff’s biggest investors to help repay victims, on Nov. 2 dropped one of 12 claims against the hedge fund manager in...
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The Wall Street Journal (Free subscription) | 11/07/2009
The court-appointed trustee in charge of recovering assets for investors burned by Bernard Madoff has withdrawn a $279 million claim against financier J. Ezra Merkin's Ariel and Gabriel funds.
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DealBook (Free subscription) | 11/06/2009
The trustee liquidating Bernard L. Madoff's investment firm has dropped a $279 million claim against the New York financier J. Ezra Merkin's hedge funds, which invested one-fourth of their money with the now-convicted swindler.
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eJewish Philanthropy (Free subscription) | 12/03/2009
... policy that hopefully will prevent the sort of coziness and lack of oversight that allowed J. Ezra Merkin, a money manager who ran one of the major Madoff feeder funds, to also manage portions of the Y.U. endowment while serving as chair of the investment committee. But many other foundations and charities harmed by the massive fraud are unwilling to say publicly what, if anything,...
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Tracing the Tribe (Free subscription) | 11/13/2009
... Jane Ramsey Steve Rosen Community Leonard Abess, Jr. Yonah Bookstein Shifra Bronznick Sam Harris J. Shawn Landres Jehuda Reinharz Greg Rosenbaum Michael Steinhardt David Zwiebel Media & Culture Roger Cohen Dara Horn Adam Kirsch Sana Krasikov Ari Roth Lenore Skenazy and Ayelet Waldman Steven Spielberg Politics David Axelrod and Rahm Emanuel Howard Berman Eric Cantor Barney Frank Al Franken Susan...
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eJewish Philanthropy (Free subscription) | 11/12/2009
... now his name is synonymous with the worst kind of greed and betrayal. Last year at this time, J. Ezra Merkin’s name was associated with his revered, philanthropic family; now he is being sued in connection with his alleged role in Madoff’s Ponzi scheme. Last year at this time, few might have guessed that Solomon Dwek, son of a prominent rabbi, was a cooperating witness in an FBI sting...
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Vos Iz Neais (Free subscription) | 11/08/2009
Manhattan, NY – The liquidator for Bernard Madoff’s firm reduced by $279 million the amount of fake profit he wants returned from J. Ezra Merkin’s Ariel and Gabriel funds, which invested one-fourth of their money with the con man. Trustee Irving Picard, who is suing Madoff’s biggest investors to help repay victims, on Nov. 2 dropped [...]
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Denver Post (Free subscription) | 11/07/2009
The court-appointed trustee in charge of recovering assets for investors burned by Bernard Madoff has withdrawn a $279 million claim against financier and former GMAC chairman J. Ezra Merkin's Ariel and Gabriel funds.
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Bloomberg (Free subscription) | 11/06/2009
Nov. 6 (Bloomberg) -- The liquidator for Bernard Madoff’s firm reduced by $279 million the amount of fake profit he wants returned from J. Ezra Merkin’s Ariel and Gabriel funds, which invested one-fourth of their money with the con man.