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Five Madoff associates found guilty for connections to Ponzi scheme
A federal jury in the US District Court for the Southern District of New York on Monday returned a guilty verdict for five former associates of Bernard Madoff on charges they aided and profited from the Ponzi scheme that defrauded billions of doll (More) |
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History of Bankruptcy
Bankruptcy is a process through which a person who is unable to pay his or her debts is granted relief from the courts by undergoing a supervised step-by-step repayment plan; many debts are partially paid as fairly as possible with the assets that th (More) |
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Federal judge upholds JPMogran settlement
A judge for the US District Court for the Southern District of New York approved a deal on Wednesday between the US Attorney's Office for the Southern District of New York and JPMorgan Chase to settle the criminal charges of failure to report su (More) |
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JP Morgan agrees to settlement in Madoff case
The US Attorney's Office for the Southern District of New York entered into a deferred prosecution agreement with JP Morgan Chase & Co. on Tuesday, which stipulates the bank will pay $1.7 billion to the US government for its role in the Berna (More) |
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Madoff victims not entitled to interest: bankruptcy judge
A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without accounting for inflation over the past five years. Unde (More) |
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Federal appeals court rejects Madoff victims' suit against SEC
The US Court of Appeals for the Second Circuit on Wednesday affirmed the dismissal of a suit by victims of the Bernie Madoff Ponzi scheme against the US Securities and Exchange Commission (SEC) . The Madoff victims had argued that the SEC was lia (More) |
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Afghanistan tribunal sentences perpetrators of Kabul Bank fraud
A special court in Afghanistan on Tuesday sentenced 20 men to four to five years in prison for their involvement in the USD $935 million fraud that led to the 2010 collapse of Kabul Bank. Founder and former chairman Sherkhan Farnood and former chief (More) |
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Federal appeals court affirms dismissal of Madoff victim lawsuit against SEC
The US Court of Appeals for the Ninth Circuit on Monday refused to reinstate a lawsuit against the US Securities and Exchange Commission (SEC) by investment fraud victims of disgraced financier Bernard Madoff . The investors had sued the SEC unde (More) |
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Madoff brother sentenced to 10 years for role in Ponzi scheme
Peter Madoff , brother of disgraced financier Bernard Madoff was sentenced Thursday to 10 years in prison for his role in Bernard Madoff's multibillion dollar Ponzi scheme. He pleaded guilty to charges including conspiracy to commit securities fr (More) |
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Madoff employee pleads guilty to falsifying records
Irwin Lipkin, a former controller of Bernard L. Madoff Investment Securities LLC, (BLMIS) pleaded guilty in a Manhattan federal court Thursday to falsifying records. The full range of charges to which Lipkin has pleaded guilty include conspiracy t (More) |
Accused Nazi war criminal, John Demjanjuk, put on trial in Israel
On February 16, 1987, accused Nazi war criminal, John Demjanjuk, went on trial in Jerusalem, Israel. The prosecution claimed that Demjanjuk was a notorious prison guard known as "Ivan the Terrible" at the Treblinka extermination camp during World War II. On this basis, Demjanjuk was convicted by the Israeli court of crimes against humanity. However, in August 1993, the conviction overturned by Israel's Supreme Court on a finding of reasonable doubt.
After the decision by the Supreme Court of Israel, Demjanjuk was returned to the United States, where he had been moved after World War II. On December 22, 2006, the U.S. Board of Immigration Appeals ordered him deported to the Ukraine on a finding that he had been a guard at other Nazi concentration camps.
