Trustee: SIPC Will Advance $500 Million to Madoff ...

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Monday, March 22, 2010 4:38 AM

Published Oct 30 2009 by Law.com - Newswire

Trustee: SIPC Will Advance $500 Million to Madoff Victims

The Securities Investor Protection Corp. will advance more than $500 million to victims of Bernard Madoff's massive Ponzi scheme, the trustee charged with liquidating Madoff's investment firm said Wednesday. The amount is a fraction of the $4.43 billion in claims approved since Madoff's arrest in December, the trustee, Baker Hostetler's Irving H. Picard,...

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Trustee: SIPC Will Advance $500 Million to Mado... - [Oct 30 2009 - Law.com - Newswire]

Quotes

...said the balance "will have to be paid out of the pro rata distributions we get."

Trustee: SIPC Will Advance $500 Million to Madoff Victims [Law.com - Newswire - Oct 30 2009]

First Reported Mar 20 2010 - Updated 12 hours ago - 2 Documents

US Securities and Exchange Commission

Madoff's Antagonist Says No One Listened

These days people are listening to the man who blew the whistle on a colossal fraudNEW YORK: The new book by Harry Markopolos opens with disgraced financial titan Bernard Madoff in jail and facing questions from David Kotz, an investigator for the Securities ... [Published 12 hours ago by Manila News.Net]

Entities: Harry Markopolos, Bernard Madoff, US Securities and Exchange Commission, David Kotz

First Reported Mar 20 2010 - Updated Mar 20 2010 - 2 Documents

Prison fight ? not high blood pressure ? sent Bernie Madoff to the hospital

Prison fight — not high blood pressure — sent Bernie Madoff to the hospitalPonzi king apparently crowned in big house bust-up in DecemberIt's official: Bernie Madoff did not break his nose, fracture his ribs and get cuts and bruises on his face by falling ... [Published Mar 20 2010 by Investment News]

Entities: Bernard Madoff, Hypertension, Drug Charge, INVESTMENT MANAGER

First Reported Mar 20 2010 - Updated Mar 20 2010 - 1 Documents

Tipped off by Madoff documentary, elderly investor uncovers New Zealand's biggest fraud ever

Similarities between New York's Ponzi King and Auckland investment manager led client to contact officials; $12.5M missingStrangely enough, some small bit of good has come from Bernard Madoff's $50 billion fraud.According to the New Zealand Herald, a ... [Published Mar 20 2010 by Investment News]

Entities: Bernard Madoff, Fraud, New Zealand, Auckland, INVESTMENT MANAGER

First Reported 6 hours ago - Updated 6 hours ago - 1 Documents

Harry Markopolos

Book Review: The Trouble with Harry

Harry Markopolos has an important story to tell in No One Would Listen: A True Financial Thriller (John Wiley & Sons, Inc.)Markopolos, if you don’t recall the name or where you’ve heard it already, happens to be the guy who figured out—early enough ... [Published 6 hours ago by Jeff Matthews Is Not Making This Up]

Entities: Bernard Madoff, Harry Markopolos, Eliot Spitzer, Fraud

First Reported 5 hours ago - Updated 5 hours ago - 1 Documents

Bernard Madoff

Foundation Sues Government, Charging Negligence for Missing Madoff Fraud

A charitable foundation has sued the U.S. government over the Securities and Exchange Commission's failure to uncover Bernard Madoff's Ponzi scheme, reports Bloomberg.In a lawsuit filed Thursday in New York federal court, the Michael and Ruth Slade Foundation ... [Published 5 hours ago by Chronicle of Philanthropy]

Entities: Bernard Madoff, US Securities and Exchange Commission, Fraud, Ponzi Scheme

First Reported 9 hours ago - Updated 9 hours ago - 1 Documents

Mutual Benefits lobbyist now aiding Madoff victims

FORT LAUDERDALERuss Klenet has switched sides in America's growing investment fraud scandal.Klenet ? a prominent local lobbyist and husband of Broward County Commissioner Stacy Ritter ? defended Mutual Benefits Corp. before security regulators shut it ... [Published 9 hours ago by South Florida Sun-Sentinel]

Entities: Bernard Madoff, Ponzi Scheme, Terminally Ill, Fort Lauderdale

First Reported Mar 20 2010 - Updated Mar 20 2010 - 1 Documents

Bernie Madoff beatenup in jail over money

Billionaire fraudster Bernie Madoff has reportedly been beaten up in jail by fellow cons because he owed them money.Madoff suffered a broken nose, fractured ribs and cuts to his head and face after he was attacked in the middle of December, according ... [Published Mar 20 2010 by Bild.de]

Entities: Bernard Madoff, Pyramid Scheme, Accomplice, Hypertension

Blogs

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Bernie Madoff [Thought Experiments : The Blog - Oct 30 2009] I've been reading about Bernie Madoff. This has made me wonder why people who have a lot of money always seem to want more. I want more money. I think £10 million ...
Madoff Says S.E.C. Exams Were 'Nightmare' [DealBook - Oct 30 2009] Hundreds of exhibits supporting a scathing report on the Securities and Exchange Commission's past investigations of Bernard L. Madoff were released on Friday by ...
How to ruin a business journalist’s weekend, Be... [FT Alphaville - Oct 30 2009] It might be bank failure Friday, but it's also "closer look at how the SEC utterly embarrassed itself r.e. Bernard Madoff" day. The SEC has released a detailed ...
Madoff surprised he was not caught sooner [The Deal.com - Nov 02 2009] It appears that no one was more surprised by the Securities and Exchange Commission's inability to uncover his fraud than convicted Ponzi schemer Bernie Madoff ...
Madoff surprised he was not caught sooner [Dealscape - Nov 02 2009] It appears that no one was more surprised by the Securities and Exchange Commission's inability to uncover his fraud than convicted Ponzi schemer Bernie Madoff ...

Audio/Video

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Madoff accountant pleads guilty [Reuters Video: Top News - Nov 03 2009]
Madoff friend Picower dies [Reuters Video: Top News - Oct 26 2009]
Madoff friend Picower dies [Reuters Video: Top News - Oct 25 2009]
Money Minute: Ponzi Plea; Buffet Deal, More [Associated Press - YouTube - Nov 03 2009]

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