The Believers: How America Fell For Bernard Madoff's $65 Billion Investment Scam
Computerworld UK (Free subscription) | yesterday
The US Securities and Exchange COmmission announced on Friday that it is charging two computer programmers for their alleged participation in the Ponzi scheme for which Bernard Madoff pleaded guilty and headed off to jail last March.
Boston Herald (Free subscription) | 8 hours ago
Bernard Madoff whistleblower Harry Markopolos' lawyer is demanding the SEC pay Madoff's victims huge damages for "completely botching" chances to shut...
Daily Intelligencer - New York Magazine (Free subscription) | 10 hours ago
Irving Picard, the court-appointed trustee responsible for recovering money for Bernie Madoff's victims, may be universally hated , but at least he's getting rich. Today he, his lawyers, and a few other firms helping make sense of Madoff's estate submitted a bill for almost $25 million to a federal bankruptcy court. That brings the price tag for sorting through Bernie's Ponzi scheme to a hefty $40...
Luxist (Free subscription) | yesterday
According to Reuters , today, "Bernard Madoff's bankruptcy trustee and the law firm employing him submitted a $22.1 million legal bill covering five months of work." Baker & Hostetler LLP wants $21.28 million, and court-appointed trustee Irving Picard, the partner at Baker & Hostetler who is overseeing the liquidation of Madoff's professional and personal assets (that includes the...
Red Orbit (Free subscription) | yesterday
Gift of Life Bone Marrow Foundation in Florida, which lost almost $2 million by investing with Bernie Madoff, and the Breast Cancer Research Foundation
New York Post (Free subscription) | yesterday
This bracelet has come full circle. An art deco bauble scooped up for $50,000 from an auction of Bernie Madoff's ill-gotten goods was bought by a kind-hearted Madison Avenue jeweler -- who will sell it and donate the proceeds to a charity cleaned ...
LAist (Free subscription) | 10 hours ago
Zsa Zsa Gabor (AP Photo) It started with one fateful slap: In 1989 actress Zsa Zsa Gabor delivered a swift smack to the Beverly Hills Police officer who pulled her over during a traffic stop. As part of her sentence Gabor was sentenced to perform community service at the Vera Davis McClendon Youth & Family Center. But the 92-year-old Gabor didn't end her affiliation with the family center when...
Financial Times (Free subscription) | 11 hours ago
The fee request filed by Bernard Madoff's bankruptcy trustee and his law firm covers five months of work trying to recover money for the victims of the fraudster's $65bn Ponzi scheme
News Channel 9: Local News (Free subscription) | yesterday
The ads made it seem like items from Bernie Madoff's estate would be auctioned off right here in central New York. However, an auction manager could not point out a...
PR News Wire (Free subscription) | yesterday
NEW YORK, Nov. 23 /PRNewswire/ -- In recognition of the damage inflicted on investors by financier Bernard Madoff's decade-long Ponzi scheme, CIRCA, the largest global buyer of jewelry from the public, recently spent $50,000 in a U.S. Marshals-held jewelry auction designed to benefit Madoff's investor victims.
Media Matters for America (Free subscription) | yesterday
The Fox Nation and FoxNews.com advanced the suggestion that Democrats' health care plans are, in Fox Nation's words, a "Ponzi scheme," a charge presumably based on Sen. Jon Kyl's (R-AZ) claim that "[w]hen they claim a savings ... in the first 10 years, that's because they start collecting taxes in 2010 they don't start spending money till 2014." In fact, contrary to Kyl's suggestion...
The Raw Feed (Free subscription) | yesterday
Wow!! Larry David has had the Seinfeld cast in his show. In the finale, they re-create Seinfeld, but with 2009 references. George, it turns out, made millions from an iPhone app called the iToilet, but lost it all by investing with Bernie Madoff. Gold, Jerry, GOLD!
Dumb Looks Still Free (Free subscription) | yesterday
There are two recent scandals that have very similar themes to them, and their parallels are interesting. Phase I : The Start First is the Madoff Ponzi Scheme started by a then young and up-and-coming investor who demonstrated some knowledge of the market and decent returns. He decided on a methodology of using secret sets of data for market forecasting and putting out graphs that showed a steady return...
whoar.co.nz (Free subscription) | yesterday
george has lost all his millions to bernie madoff..(millions made from a ‘killer’ i-phone app…involving public toilets..).. (it’s funny..!..) “..It took over a decade, but “Seinfeld”-less fans finally received a new episode. Sort of. This season’s “Curb Your Enthusiasm” followed Larry as he put together a reunion in an attempt win back Cheryl...
Reuters (Free subscription) | yesterday
NEW YORK (Reuters) - Bernard Madoff's bankruptcy trustee and the law firm employing him submitted a $22.1 million legal bill covering five months of work.
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