Irving Picard News
Bernie Madoff to Be Deposed By Victim
Bernie Madoff , America's most infamous convicted conman, will be deposed by attorneys including one of his Ponzi scheme victims, a New York judge ordered today. A number of Madoff's victims, represented by fellow victim and attorney Helen Chaitman, sought to depose the fraudster for an ongoing
Bernie Madoff: After the Fall Part 5
Ponzi schemer stole billions, ruined thousands of lives, including those closest to him.
Recovered Madoff Money Now Over $11 Billion; More Hidden Away?
The amount of money recovered for victims of the Bernard Madoff Ponzi scheme has now topped $11 billion, bankruptcy lawyers announced today. “We now have $11,079,000,000,” said Irving Picard, who heads the team of bankruptcy lawyers appointed by the court to sort out the financial mess left when
Payback: Most Bernie Madoff Ponzi Scheme Victims to Get $1M
Almost seven years after the collapse of the largest Ponzi scheme in U.S. history, many victims who lost big in Bernard Madoff ’s crooked plot will be getting a handsome paycheck, officials said today. Stephen Harbeck, President and CEO of the Securities Investors Protection Corporation, told ABC
Bernie Madoff's 7 Deadliest Lies
On the fifth anniversary of Bernie Madoff's arrest for perpetuating the biggest Ponzi scheme ever, here's a look at some of the claims that the 75-year-old has made. As the trial of five former Madoff employees continues in New York, Madoff is serving a 150-year sentence in a North Carolina prison.
Madoff Victims: The Check Is in the Mail
Victims of Bernie Madoff's multi-billion-dollar Ponzi scheme will be receiving more of their stolen money back this week. Irving Picard, the court-appointed trustee in charge of liquidating Madoff's investment firm, said checks totaling $2.5 billion were mailed Wednesday. "While this progress is
Mets Owners Agree to Pay $162 Million to Madoff Victims
The owners of the New York Mets agreed Monday to pay $162 million to settle claims they willfully ignored the Ponzi scheme orchestrated by Bernie Madoff . "We believe that this is a fair and just settlement," said David Sheehan, chief counsel to Irving Picard, the court-appointed trustee recovering
Sandy Koufax, Baseball Hall of Famer, to Testify in Madoff-Mets Trial
Hall of Fame pitcher Sandy Koufax has been named as a witness in a trial over whether the owners of the New York Mets, Fred Wilpon and Saul Katz, knew of Bernard Madoff's Ponzi scheme when they withdrew approximately $300 million in profit from his firm. The former pitcher for the Dodgers (first in
Madoff Trader Pleads Guilty to 40 Years of Fraud
A former trader for Bernie Madoff has pleaded guilty to fraud and conspiracy charges that date to the 1970s, well before Madoff said he began his Ponzi scheme , and agreed to forfeit millions in profits. In court, David Kugel told Judge Laura Taylor Swain, "Your Honor, I stand before you ready to
Bernie Madoff Victims Get Their Money Back
Victims of Bernie Madoff 's multi-billion-dollar Ponzi scheme will begin receiving some of their money back today. "This initial distribution is the first return of stolen funds to Madoff's defrauded customers," said Irving Picard , the trustee overseeing the liquidation of Madoff's firm in federal