Irving Picard News
Steve Mnuchin: Everything you need to know about the new Treasury secretary
Former Goldman Sachs executive and hedge fund CEO Steve Mnuchin was confirmed as the new Secretary of the Treasury Monday by a 53-47 margin. Mnuchin previously served as President Trump's finance chairman during his campaign. Over the years, Mnuchin has been a Hollywood producer and a Democratic
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