Sign up for Forwarding the News, our essential morning briefing with trusted, nonpartisan news and analysis, curated by Senior Writer Benyamin Cohen. One of Bernard ...
The last disbursement, of more than $131 million, is being sent to more than 23,000 victims worldwide. When it is completed, more than $4.3 billion will have been distributed by the fund to more than ...
Former financier Bernard Madoff (C) leaves federal court following a hearing in New York, N.Y., in 2009. On Monday, the Justice Department reported that the fund designed to aid victims of the ...
The U.S. Justice Department says more than $4.3 billion has been paid to more than 40,000 people who suffered losses in Bernie Madoff's Ponzi scheme, which devastated investors across the world, ...
The Madoff Victim Fund (MVF) is entering the 10th and final installment of its $131.4 million asset distribution. The funds were made available through the U.S. government in connection with the ...
Bernard Madoff exits Manhattan federal court in New York. (AP Photo/ Louis Lanzano) Key Points ・Bernie Madoff’s victims have now recovered 94% of their proven losses, a remarkable recovery for the ...
Started his firm with $5,000 he saved from working as a lifeguard. Madoff served as NASDAQ’s chairman in 1990, 1991 and 1993. Had many high-profile victims, including director Steven Spielberg, actors ...
NEW YORK -- JPMorgan Chase & Co., already beset by costly legal woes, will pay more than $2.5 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, authorities said ...
The following is Bernard Madoff's prepared plea allocution statement, delivered today in U.S. District Court in New York: Your Honor, for many years up until my arrest on December 11, 2008, I operated ...
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