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Federal judge moves to protect Madoff assets from bankruptcy creditors
Judge Denny Chin of the US District Court for the Southern District of New York issued a restraining order Monday that protects from bankruptcy more than $100 million in assets of financier Bernard Madoff . Chin signed the order to protect assets t (More) |
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Federal judge rules Madoff can be forced into personal bankruptcy
A federal judge ruled Friday that investors who lost money in Bernard Madoff's alleged Ponzi scheme can force Madoff into personal bankruptcy to recover lost funds. The ruling from Judge Louis Stanton of the US District Court for the Southern D (More) |
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Madoff feeder fund charged with fraud in connection with investment scheme
Secretary of the Commonwealth of Massachusetts William Galvin filed a complaint Wednesday against Fairfield Greenwich Group alleging fraud for their involvement in the Bernard Madoff investment scheme. According to the complaint, Fairfield Green (More) |
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Treasury secretary to propose strengthened regulations in response to financial crisis
US Treasury Secretary Timothy Geithner said that the US Department of the Treasury will propose stronger rules [prepared remarks; transcript] in response to the current economic crisis, at a meeting with the Council on Foreign Relations (CFR) Wed (More) |
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FBI director says financial fraud cases are limiting ability to fight other crime
FBI director Robert Mueller told the Senate Judiciary Committee Wednesday that the rise in financial fraud investigations is limiting the ability of the FBI to fight other crimes. Mueller, speaking during the "Oversight of the Federal Bureau (More) |
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Indictment of Bernard Madoff's accountant could signal further liability for auditors
John H. Eickemeyer [Shareholder, Vedder Price P.C.]: "The indictment if Mr. Friehling is hardly unexpected, as is the accompanying civil action by the SEC. The conduct alleged in the complaint certainly goes beyond poor auditing - in essence, Mr (More) |
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Second Circuit affirms order denying Madoff bail
The US Court of Appeals for the Second Circuit ruled Friday that Bernard Madoff must remain in jail as he awaits sentencing. The ruling affirms last week's ruling by the US District Court for the Southern District of New York denying Madoff (More) |
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President Obama should address easily exploited non-uniform state gun laws
Frida Berrigan [Senior Program Associate, Arms and Security Initiative, New America Foundation]: "Hidden amidst news of the global financial meltdown, the Bernie Madoff guilty pleas and spring's slow approach in the last week, was the story (More) |
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SEC charges Madoff accountant with fraud
The US Securities and Exchange Commission (SEC) on Wednesday charged [complaint, PDF; press release] accountant David Friehling with fraud for his alleged role in the securities fraud scheme committed by financier Bernard Madoff . In the complaint, (More) |
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Madoff pleads guilty to securities fraud charges
US financier Bernard Madoff pleaded guilty Thursday in federal court to all 11 charges of securities fraud [complaint, PDF; JURIST report]. The plea was entered at a hearing before Judge Denny Chin of the US District Court for the Southern District (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.
