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Madoff trustee asks court to release over $2.5 billion for victims
Madoff trustee Irving Picard has asked a bankruptcy court to approve the release of between $2.5 and $3.5 billion in recovered assets so that it can be distributed to victims of the Bernard Madoff Ponzi scheme. Picard has recovered over $9 billion (More)
Madoff brother pleads guilty in connection with Ponzi scheme
Peter Madoff , brother of disgraced financier Bernard Madoff pleaded guilty Friday on charges connected with Bernard Madoff's multibillion dollar Ponzi scheme. He agreed to serve 10 years in prison and give up all of his assets in exchange for per (More)
New York judge approves settlement over Madoff Ponzi scheme
A New York judge on Friday approved a $410 million settlement agreement between hedge fund manager Ezra Merkin and the state of New York in a lawsuit connected with the Bernard Madoff Ponzi scheme . New York state brought suit against Merkin in 200 (More)
Federal prosecutors seek 230-year sentence for financier Stanford
Federal prosecutors urged a judge on Wednesday to give Allen Stanford [BBC profile; JURIST news archive] the maximum sentence of 230 years in prison for his involvement in a $47 million Ponzi scheme. This would be the maximum sentence under federal (More)
Federal appeals court allows class action for Stanford Ponzi scheme victims
The US Court of Appeals for the Fifth Circuit ruled Monday that victims of the $7 million Ponzi scheme orchestrated by Allen Stanford [BBC profile, JURIST news archive] may pursue a class action lawsuit. Stanford was convicted of defrauding victim (More)
Madoff trustee reaches settlement with Mets owners
Madoff trustee Irving Picard and the owners of the New York Mets on Monday reached a $162 million settlement for victims of the Bernard Madoff Ponzi scheme, avoiding a trial in the US District Court for the Southern District of New York . Jury sele (More)
Federal judge rejects appeal by Madoff trustee in Mets case
A judge for the US District Court for the Southern District of New York ruled on Tuesday that Madoff trustee Irving Picard cannot appeal a ruling that threw out most of his $1 billion suit against the New York Mets. In the ruling Judge Jed Rakoff (More)
Madoff trustee wins right to appeal after dismissal of JP Morgan suit
An order made public Thursday awarded Madoff trustee Irving Picard the right to appeal the dismissal of his $19 billion suit against JPMorgan Chase & Co. . >Judge Colleen McMahon of the US District Court for the Southern District of New York in (More)
Madoff victims file class action suit against JP Morgan
Two former Bernard Madoff investors filed a proposed class-action lawsuit against JP Morgan Chase & Co (JPMC) Monday seeking recovery of $19 billion for allegedly aiding Madoff in orchestrating his Ponzi scheme. The suit, filed in the US Distr (More)
Federal judge dismisses suit for Madoff victims
A judge for the US District Court for the Southern District of New York on Tuesday denied a court-appointed bankruptcy trustee from seeking damages from banks and third parties for the victims of Bernard Madoff's Ponzi scheme. Irving Picard, who w (More)
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