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15 gru 2008 · The number of victims from Bernard Madoff's alleged Ponzi scheme continues to grow. A list with thousands of names of clients who invested money with Mr. Madoff was released as part of a bankruptcy-court filing.
14 kwi 2021 · Infamous fraudster Bernie Madoff died in federal prison on Wednesday at age 82. His massive Ponzi scheme defrauded investors of an estimated $17.5 billion (or as much as $65 billion, including...
28 wrz 2022 · The Department of Justice announced today that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.
In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
11 gru 2023 · The Justice Department announced today that the Madoff Victim Fund (MVF) began its ninth distribution of over $158.9 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.
12 gru 2023 · He pleaded guilty to 11 federal felonies and was sentenced to 150 years in prison. The victims fund has collected about $2.2 billion through a civil forfeiture recovery from the estate of Jeffrey...
The recovery of funds from the Madoff investment scandal has been underway since the scandal broke in December 2008. That month, recovery trustee Irving Picard received funds from the Bank of New York account where Bernard Madoff held new investments into his Ponzi scheme. As it has been concluded that no legitimate investments were made on the ...
