Thursday, 2 April 2015
Last updated 14 min ago
Dec 31 2008 | 11:22am ET
Victims of Bernard Madoff’s alleged $50 billion Ponzi scheme may soon get some answers as to how much money, if any, they’ll be able to collect from the disgraced former Nasdaq stock market chairman.
Madoff is reportedly scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. The list will include investments, loans, lines of credit, business interests, brokerage accounts and other holdings. However, one item that won’t make the filing is a $10,000 statue depicting life guards that was reported stolen from Madoff’s estate in Florida earlier this week.
In an interview, Madoff's lawyer, Ira Lee Sorkin, said that his client will meet the filing deadline.
In the weeks since his arrest, a number of clients including Yeshiva University, actors Kevin Bacon and Kyra Sedgwick, and former Salomon Brothers chief economist Henry Kaufman have added their names to the long list of victims defrauded in the alleged Ponzi scheme.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…