www.justiceforchandra.com Forum Index www.justiceforchandra.com
Justice for Chandra Levy and missing women
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Was Bernie Madoff really running a Ponzi scheme?
Goto page Previous  1, 2, 3 ... 11, 12, 13
 
Post new topic   Reply to topic    www.justiceforchandra.com Forum Index -> Other Viewpoints
View previous topic :: View next topic  
Author Message
gozgals



Joined: 28 Jul 2005
Posts: 3353
Location: A Place Called Vertigo

PostPosted: Tue Aug 18, 2015 7:35 am    Post subject: Conclusion Reply with quote

I just found this as I read it and saved it in my favorites.

* No Link saved just the article.

Goz





Snip
In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities.
Five decades later, Lipkin, 77, is set to be sentenced on Wednesday in Manhattan federal court for falsifying records, marking the end of the criminal case stemming from the collapse of Madoff's multibillion-dollar Ponzi scheme more than six years ago.
Lipkin is the last of 15 people who either pleaded guilty or were convicted at trial in connection with the fraud, which cost investors approximately $17 billion in principal.

Madoff, 77, who is serving a 150-year sentence after pleading guilty in 2009 to masterminding the fraud, has always insisted he acted alone.
Prosecutors have conceded that Madoff alone knew the full extent of his deception. Even his deputy, Frank DiPascali, who was intimately involved in the fraud, testified he believed Madoff had hidden assets to cover customers' liabilities almost until the end.
Snip
Back to top
View user's profile Send private message
gozgals



Joined: 28 Jul 2005
Posts: 3353
Location: A Place Called Vertigo

PostPosted: Sat May 28, 2016 1:28 pm    Post subject: Update on suits Reply with quote

Maybe these victims will get the payout when this goes to court in June.

Goz

Fair Use
BUSINESS
MAY 27 2016, 6:30 AM ET
Madoff Victims May Soon Recoup Another $247 Million
by REUTERS



http://www.nbcnews.com/business/business-news/madoff-victims-may-soon-recoup-another-247-million-n581506



Snip
Nearly 7-1/2 years after Bernard Madoff's Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler's victims on Thursday sought court approval to free up another $247 million to help cover their losses.

The proposed payout would be the seventh by the trustee Irving Picard, and follows several recent settlements to recoup sums from other firms that once did business with Madoff.

Snip

Snip
U.S. Bankruptcy Judge Stuart Bernstein is expected to review the payout at a June 15 hearing in Manhattan.
Snip[/b]
Back to top
View user's profile Send private message
rd



Joined: 13 Sep 2002
Posts: 9241
Location: Jacksonville, FL

PostPosted: Fri Nov 10, 2017 7:38 pm    Post subject: Reply with quote

an update after nine years. I have to say a good job on recovering losses for Madoff's clients.

This from a news blurb on LinkedIn gathered from CNBC, Bloomberg, Crain's New York Business, etc.

rd

It's payday for Madoff victims

The US Dept. of Justice has started returning $772.5 million to roughly 24,000 victims of Bernard Madoff’s Ponzi Scheme — considered the largest in history, CNBC reports. Officials expect to return more than $4 billion from the Madoff Victim Fund, “created through settlements with some of the con man’s oldest customers and his bank, JPMorgan Chase & Co.,” per Bloomberg. Along with the $9 billion New York lawyer Irving Picard “clawed back” from the liquidation of Madoff’s company, investors can expect to recover roughly 75% of their $17.5 billion in losses, according to Crain's New York Business. Madoff was arrested nine years ago.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    www.justiceforchandra.com Forum Index -> Other Viewpoints All times are GMT - 4 Hours
Goto page Previous  1, 2, 3 ... 11, 12, 13
Page 13 of 13

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group