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Daily Intelligencer - New York Magazine (Free subscription) | 6 hours ago
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 a different place...
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Boston Herald (Free subscription) | 3 hours ago
Acton resident Stephen Toebes' biggest regret these days is that he didn't invest in Bernard Madoff's $65 billion Ponzi scheme. "I wish I were...
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Vos Iz Neais (Free subscription) | yesterday
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The court-appointed trustee in charge of recovering assets for investors burned by Bernard Madoff has withdrawn a $279 million claim against financier and former GMAC chairman J. Ezra Merkin's Ariel and Gabriel funds.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.
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AFP Blog: Recent News of Note (Free subscription) | 11/06/2009
onPhilanthropy: Articles: Madoff, Clawbacks and Charities: "For those in the philanthropic world, seeing stories in the press about the bankruptcy trustee in the Madoff mess, Irving Picard, and his attempts to recover assets has to make us wonder what will be with charities potentially involved in clawback suits"
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Law Blog - WSJ.com (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The court-appointed trustee in charge of recovering assets for investors burned by Bernard Madoff has withdrawn a $279 million claim against financier J. Ezra Merkin's Ariel and Gabriel funds.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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Judiciary Report (Free subscription) | 11/06/2009
The Fall Of A Law Firm Scott Rothstein Scott Rothstein, the politically connected Miami attorney, who fled to Morocco, due to investors pressing him regarding their money, has returned to South Florida and was met by FBI agents at the airport. Preliminary evidence indicates Mr. Rothstein has been running a $500,000,000 ponzi scheme out of the Sunshine State, leaving his law firm in the lurch. The...
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Madoff Help News & Assistance (Free subscription) | 11/05/2009
Patrick Littaye, co-founder of Access International Advisors LLC, became the first person charged in the French criminal investigation into investor losses from Bernard Madoff’s Ponzi scheme. Read Bloomberg article here.
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Daily Intelligencer - New York Magazine (Free subscription) | 11/03/2009
David Friehling, the storefront accountant who produced false audits of Bernie Madoff's securities firm for close to twenty years, pleaded guilty to nine criminal charges today, including investor fraud, false filings with the SEC, and obstruction, but maintains “at no time was [he] ever aware Bernard Madoff was engaged in a Ponzi scheme.” [ NYT ] Read more posts by Jessica...
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Structured Settlements 4Real: What' (Free subscription) | 11/05/2009
Various sources have characterized Scott Rothstein as Madoff II. The commonality is that They are both Jewish Their notoriety is related to financial fraud (alleged in the case of Rothstein) To say that both are an utter embarrassment to people...
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NY Daily News (Free subscription) | 11/05/2009
Hedge hog Raj Rajaratnam will be in court Thursday to argue his bail should be reduced because he shouldn't have to pay more than Ponzi prince Bernie Madoff.
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NYDailyNews (Free subscription) | 11/05/2009
Hedge hog Raj Rajaratnam will be in court Thursday to argue his bail should be reduced because he shouldn't have to pay more than Ponzi prince Bernie Madoff.
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Paralegal SLO (Free subscription) | 11/04/2009
What are the takeaways from the news that David Friehling, Bernie Madoff's former accountant, will be spending some time behind bars? One could be that the criminal investigation of the Madoff fraud may be heading in a new direction — away from securities fraud and toward criminal tax cases. '> http://bit.ly/4vTJVM
