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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Irving Picard
The Supreme Court will not let the trustee working to recover money for Bernard Madoff's investors sue major financial institutions for their role in Madoff's massive fraud.
A court-appointed trustee in New York has mailed out $2.5 billion in checks to victims of Bernard Madoff's massive fraud.
Plans for the brother of jailed financier Bernard Madoff to plead guilty and serve 10 years in prison raise fresh questions about the status of the investigation into the epic multibillion-dollar fraud and whether other family members remain under criminal investigation.
Investors in four funds that lost more than $1.2 billion in Wall Street swindler Bernard Madoff's Ponzi scheme will receive $405 million in payouts over the next three years, New York's attorney general said Monday.
The New York Mets owners and a trustee for Bernard Madoff's fraud victims settled Monday for $162 million in a case aimed at repairing the damage from a massive investment scheme.
The New York Mets' owners must pay up to $83 million to the trustee recovering money for Bernard Madoff investors, a judge said Monday, though he expressed doubt that the trustee will succeed in proving at a trial this month that he's entitled to as much as $300 million more.
With spring training just weeks away, nobody's working harder to prepare for the New York Mets' future than their lawyers.
Investors who lost billions of dollars in Bernard Madoff's massive multidecade fraud are not entitled to recover fake profits that were described to them in phony statements, a federal appeals court said Tuesday.
A court-appointed trustee says the owners of the New York Mets reaped profits from Bernard Madoff's financial Ponzi scheme even as they shopped for insurance to protect themselves in case the scam collapsed.
Under pressure because of a lawsuit from the trustee trying to reclaim money for the victims of the Bernard Madoff swindle, the New York Mets' owners said Friday they are exploring a partial sale of the team that would raise several hundred million dollars.
The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced Friday.
He said it means that he's so far satisfied nearly half of all valid claims made by the disgraced financier's burned clients.
Irving Picard announced the distribution Thursday.