Monday, March 24, 2014
Five former employees of imprisoned financier Bernard Madoff were convicted Monday at the end of a six-month trial.
Friday, September 21, 2012
Checks totaling $2.48 billion were mailed out this week to some of Bernard Madoff’s victims to help cover their losses. Irving Picard, the trustee in charge of recovering funds, said just about half of the $17 billion that was lost in Madoff’s Ponzi scheme has been recovered.
Monday, March 19, 2012
By Janet Babin : Economic Development Reporter, WNYC News
The team’s owners reached a deal Monday with the trustee responsible for recovering money for victims of the Ponzi scheme run by imprisoned financier Bernie Madoff. But it may take a bit more than a court settlement to break the Mets slump.
Thursday, February 23, 2012
A judge says he'll decide by March 5 if a trial is necessary to decide if the owners of the New York Mets were willfully blind to the multibillion-dollar fraud by financer Bernard Madoff.
Thursday, February 09, 2012
The owners of the Mets want the Supreme Court to weigh in on their attempt to recover money lost in Bernard Madoff's Ponzi scheme.
Wednesday, November 02, 2011
Lawyers have informed a Manhattan judge that they've reached a tentative settlement in a lawsuit blaming the owners of the New York Mets for losing more than $16 million in 401(k) assets by investing with Bernard Madoff.
Tuesday, September 27, 2011
The legal fallout from the Bernard Madoff ponzi scheme has reached the New York Mets. A judge is allowing a lawsuit to go forward, in limited form, against the owners of the Mets by the trustee recovering money for investors who lost money due to Madoff.
Thursday, March 03, 2011
A federal appeals court in Manhattan held off on a decision on a challenge by former clients of disgraced financier Bernie Madoff about how a trustee is calculating gains and losses.
Wednesday, March 02, 2011
Friday, December 17, 2010
Irving Picard, the trustee recovering money for Bernard Madoff's investors, has reached a $7.2 billion settlement with the estate of a Florida businessman on Friday. The late Jeffry Picower was the single-largest beneficiary of the fraud.
Thursday, December 09, 2010
The clock is ticking on efforts to claw back billions of dollars for Bernard Madoff's victims. How much money can be recovered?
Thursday, March 12, 2009
By Dan Blumberg
Helicopters, photographers, tai chi, oh my! Listen to WNYC's Arun Venugopal describe the scene outside the Lower Manhattan courthouse where Bernard Madoff later pled guilty to fraud, saying he was 'sorry and ashamed.' Madoff told the judge he began the fraud in response to a recession, but believed it would ...