January 9, 2009 |
Hollywood mogul Jeffrey Katzenberg says the losses on his personal investments with Bernard L. Madoff have done "extraordinary damage" to his philanthropic efforts. In an interview with CNBC on Thursday, the DreamWorks Animation SKG chief said it was a "disgrace" that Madoff remained free pending the next phase of his case.
May 27, 2009 |
A Spanish bank that was among the biggest losers in the Bernard Madoff swindle has cut a deal to avoid a legal brawl with the trustee trying to unwind the massive Ponzi scheme. The settlement, announced Tuesday, calls for Banco Santander to pay $235 million to resolve potential legal claims over withdrawals a subsidiary made from its investments with Madoff in the 90 days before the fraud collapsed.
April 24, 2009 |
The trustee liquidating Bernard Madoff's defunct money management firm told 223 investors to return as much as $735 million or face legal action, a person familiar with the matter said. "The trustee demands that you immediately return such amounts to the trustee for the benefit of all defrauded creditors" of Bernard L. Madoff Investment Securities, according to a copy of the letter.
June 30, 2009
Bernard Madoff's apology was all we could have asked for. It wasn't halfhearted or mealy-mouthed. He accepted responsibility for his actions and didn't slip in any caveats, justifications or self-exculpatory asides. "I'm sorry," the 71-year-old convicted swindler said, turning around in the courtroom to face his victims. "I live in a tormented state now, knowing of the pain and suffering that I've created." Great. Except for one little problem.
December 23, 2008 |
Facebook Inc., operator of the world's largest social-networking site, removed a page dedicated to Bernard Madoff after some users posted comments complimenting and jeering his alleged $50-billion fraud. Facebook judges whether the content of a page is inappropriate if it gets complaints, spokesman Larry Yu said. Facebook, after inquiries by Bloomberg News, concluded that the pages may not have been authorized as required by Madoff or his representatives.
May 3, 2009
Re: "Madoff victims push for tax relief," April 27: The investors who gave money to Bernie Madoff did so in spite of the fact that he promised returns that were literally "too good to be true." Sure enough, his Ponzi scheme collapsed and some investors lost millions. In your article, Gordon Bennett, who lost $1.5 million, says, "I was victimized once by Mr. Madoff. I don't want to be victimized a second time by the state of California." Mr. Bennett, you were a victim of your own greed, and I fail to see why the taxpayer should pick up the tab for your poor judgment.