Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Dec. 23, 2008
Reserve Management Co. says SEC’s Enf. Division has recommended enforcement action against co. and senior executives. http://is.gd/ddsJ # Video: Fox Business Network Tracks Down Madoff Auditor. http://is.gd/dcWg # Madoff-related class action filed in SDNY against Tremont Group, KPMG, others. http://is.gd/dbfZ # Former stockbroker arrested, charged with conspiring with Marc Dreier to commit fraud by selling […]
Video: Fox Business Network Tracks Down Madoff Auditor
Fox Business Network tracks down David Friehling, the accountant at Friehling & Horowitz who is said to have audited Bernard Madoff’s business, in the video below. NY’s Rockland County District Attorney said last week that he had not been able to locate or speak with Friehling. Friehling and his son do not appear to be […]
Madoff-related class action filed in SDNY against Tremont Group, KPMG, others
A class action lawsuit has been filed in the SDNY against against Madoff feeder-fund Tremont Group Holdings, several affiliated entities (including OppenheimerFunds and Massachusetts Mutual Life Insurance Co.), and KPMG, Tremont’s auditor. The lawsuit, filed by law firm Hagens Berman Sobol Shapiro on behalf of individuals and groups that invested with Tremont, alleges that the defendants […]
Judge Posner: If SEC abolished, “Bernard Madoff and Christopher Cox can share the credit”
It is a bit unusual to see federal appellate court judges blogging about the scandal of the day, but Seventh Circuit Judge Richard Posner has weighed in on the Madoff case with an interesting post on his Becker-Posner Blog. In a post on Dec. 21, Judge Posner writes that in his view, Madoff’s scheme is […]
NY investor files $1.7 million claim against SEC for negligence in Madoff probe
Phyllis Molchatsky, a 61-year-old retiree from Valley Cottage, NY, who lost nearly $2 million investing with Bernard Madoff, filed a claim against the SEC on Monday. The administrative claim alleges that the SEC was negligent in failing to detect alleged Madoff’s alleged fraud, the WSJ reports, and seeks $1.7 million in damages. Howard Elisofon, the […]