January 5, 2013 |
How does an author of seriously literary fiction discover one of his books was owned by Bernie Madoff, the investor who defrauded his clients of billions of dollars? He sees it listed in an auction on EBay. That's how Rick Moody came to know that Madoff's library included his novel "Purple America . " Parts of the Madoff library collection is appearing piecemeal on eBay from a seller who won the books (Lots 750, 751 and 752) in a U.S. Marshall's auction of some of Madoff's Florida possessions.
December 26, 2012 |
NEW YORK -- He may be stuck in a federal prison for the rest of his life, but Bernard Madoff is nonetheless taking the time to muse on Wall Street topics of the day. CNBC posted on its website a Dec. 24 email Madoff sent the financial news network as well as attorneys and academics who have been communicating with the notorious Ponzi scheme mastermind. In the email, Madoff offered his thoughts on a range of issues -- including the stock market's structure, hedge funds and insider trading.
December 21, 2012
NEW YORK - The brother of imprisoned financier Bernard Madoff was sentenced to 10 years in prison for crimes committed in the shadow of his notorious sibling by a judge who said she disbelieved his claims that he did not know about the epic fraud. Peter Madoff, 67, agreed to serve the maximum sentence allowable to the charges of conspiracy and falsifying the books and records of an investment advisor that he pleaded guilty to in June. U.S. District Judge Laura Taylor Swain urged him to tell the truth even after he reports to prison Feb. 6 about what he knows about the multi-decade fraud that cost thousands of investors their original $20 billion investment.
November 13, 2012 |
A Bank of New York Mellon subsidiary will pay $210 million to settle claims it concealed red flags showing Bernard Madoff was a fraud. Due diligence by the unit, Ivy Asset Management, revealed discrepancies in Madoff's stated investment strategy, according to a statement by New York Atty. Gen. Eric Schneiderman, who announced the settlement Tuesday. While Ivy steered clients to invest in Madoff, collecting fees for itself, some at the firm had reservations about Madoff, the attorney general said.
September 21, 2012 |
NEW YORK — More checks are in the mail for financier Bernard Madoff's victims, nearly four years after his epic Ponzi scheme collapsed. Irving Picard, the trustee overseeing the liquidation of Madoff's firm, mailed checks worth nearly $2.5 billion Wednesday. The distribution satisfies about half of the allowed claims filed by Madoff investors, Picard's office announced Thursday. The average payment: slightly more than $2 million. The trustee's office says it has now distributed a total of $3.6 billion to Madoff victims.
July 9, 2012 |
Kyra Sedgwick isn't holding back: "I love Obama," she proclaimed to Piers Morgan. And she's very definitely voting for him. And here we thought her heart belonged only to Kevin Bacon? OK, apples and oranges. "I think that he's done some extraordinary things," Sedgwick said of the president on Morgan's CNN show Friday. "I think he's had a really, really hard time of it. I think he's been blamed for things that were not on his watch, and I think that given a second term he would be bolder.