March 14, 2009 |
Newly filed court documents show Bernard L. Madoff and his wife had a net worth of more than $823 million at the end of last year. The document, contained in papers his lawyers filed, shows the Madoffs owned four real estate properties worth $22 million and had $17 million in cash and a $7-million yacht, among other assets.
June 9, 1999 |
Merrill Lynch & Co., Goldman Sachs Group Inc. and Bernard L. Madoff Investment Securities said Tuesday that they plan to start an electronic auction market for stocks that would let investors offer better quotes than those displayed on U.S. markets. The three brokerages, seeking to position themselves in the rapidly changing electronic securities markets, said they formed a company called Primex Trading that will offer anonymous broker-to-broker trades starting in the second quarter of 2000.
May 7, 2012 |
The trustee representing victims of Bernard Madoff's Ponzi scheme is now seeking $255.3 million from the investment advisor's family. Irving H. Picard is expanding an existing lawsuit to also include three of Madoff's sons' spouses. The suit claims that the women should have been aware of and reported Madoff's fraud, which bilked investors of $20 billion. The suit, which in November sought $226.4 million from relatives working at Bernard L. Madoff Investment Securities, was amended on Friday in U.S. bankruptcy court in Manhattan.
August 11, 2011 |
Redemption for Bernard L. Madoff, sitting in a North Carolina prison serving a 150-year sentence for financial fraud, is unlikely. But his pants still have a chance. Wall Street denizens are snapping up iPad covers made from the Ponzi scheme mastermind's clothes, which were sold at auction last year. Proceeds benefit victims of white-collar crime. A new company, Frederick James, offers certificates of authenticity along with the lightweight sleeves that are designed to protect the tablets from scratches, though not from drops like, say, the kind that hit Madoff victims' bank accounts.
September 22, 1999 |
Securities and Exchange Commission Chairman Arthur Levitt may propose combining the brokerage-policing units of U.S. stock markets into a single organization separate from the exchanges, an SEC official said Tuesday. Levitt plans in a New York speech Thursday to urge the established markets and new electronic trading networks to end growing fragmentation of stock quotes and prices by finding new ways to share this information, SEC market-regulation director Annette Nazareth said.