Employees of Bernard L. Madoff Investment Securities’ London office are unlikely to be charged for roles in the US$65 billion Ponzi scheme.
Recovering assets for the victims of Bernard Madoff’s massive Ponzi scheme isn’t proving cheap.
Saturday’s auction of 170 items owned by arch-fraudster Bernard Madoff and his wife exceeded its expected haul, but that money is barely a drop in the bucket for the Ponzi schemer’s victims.
Two computer programmers who once worked for Bernard Madoff’s firm have been arrested and charged with giving Madoff the technical capacity to run his Ponzi scheme.
Swiss authorities have charged the former head of Banco Santander’s fund of hedge funds arm with criminal mismanagement for his role in investing client funds with Bernard Madoff.
Bernard Madoff’s accountant has struck a deal with federal prosecutors, admitting that he played a role in the $65 billion Ponzi scheme.
Frank DiPascali, the CFO of Bernard Madoff’s $65 billion Ponzi scheme, has been cooperating with the authorities in a bid for leniency.
Jeffry Picower, the billionaire philanthropist and big Bernard Madoff investor, died after suffering a massive heart attack in his Palm Beach, Fla., pool, the medical examiner has ruled.
The New York Mets didn’t win much on the baseball field this year.
He didn’t care very much about the markets when he was allegedly investing tens of billions of dollars, but safely ensconced behind bars, there’s apparently nothing that makes Bernard Madoff angrier.
Lawrence ZeffBy Lawrence S. Zeff -- In 2006, the Financial Accounting Systems Board (“FASB”) released Interpretation 48 (“FIN 48”), Accounting for Uncertainty in Income Taxes, as an interpretation of FAS Statement 109. The purpose of FIN 48 is to provide consistent guidance on the recognition in financial statements of “uncertain income tax positions.” More...
Swiss investment group Mountain Cleantech plans to launch its second fund focusing on the cleantech sector in German-speaking countries. More...