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SEC IG Can’t Compel Testimony From Key Madoff Witnesses (Ex-SEC Employees). http://is.gd/eKlY Trustee liquidating Bernard Madoff’s firm has found $830 million in liquid assets. http://is.gd/eK8m # One hour left until Securities Docket’s Year in Review Webcast, Today at 2:00 pm–Please Sign Up Here. http://tinyurl.com/96kq7c #
The WSJ Law Blog has an interesting observation today about who, exactly, the “we” is who claims to be cooperating with the government in the Bernard Madoff criminal prosecution. The Law Blog notes that all along, Madoff’s lawyers have simply stated that “we are fully cooperating with the government in its investigations.” That seems like […]
The SEC announced today the appointment of James L. Kroeker as the Acting Chief Accountant in the SEC’s Office of Chief Accountant. In this capacity, Kroeker will oversee accounting interpretations, international accounting matters, and professional practice issues. Kroeker replaces Conrad W. Hewitt, who retired from the SEC on Monday. Kroeker joined the Commission as Deputy […]
On a website called ChTONGUEeek, right after headlines including “Jets seeking older, more mature and experienced quarterback” and “Second baby of 2009 arrives to chants of ‘loser, loser, slow poke’” comes this: “Report: SEC investigation of Madoff pyramid scheme turned into a pyramid scheme.” As ChTONGUEeek (get it?) explains, It’s now well known that the […]
What is the actual amount lost in the alleged Ponzi scheme of Bernard Madoff? How does one calculate this amount? Bloomberg reports that Yeshiva University has concluded that its previously reported profits in a fund tied to Bernard Madoff were “‘fictitious,’ underscoring how customers of the money manager may have been misled about the investment […]
Milberg LLP announced today that is has started a new bankruptcy practice to be led by Jonathan M. Landers, who joins Milberg as a partner in its New York headquarters. Landers previously was a partner at Gibson, Dunn and Crutcher. Landers stated that “given the turmoil in the economy, a growing number of individuals and […]
Mary Schapiro, selected by President-elect Obama to be the next Chairwoman of the SEC, will have her Senate confirmation hearing on Thursday, January 15, the WSJ reports. Schapiro is presently the president of the Financial Industry Regulatory Authority (FINRA), which oversees broker-dealers. Schapiro may face tough questioning about the Madoff scandal, as FINRA and its […]
The slides and an archived version of today’s webcast, sponsored by Innovative Discovery, are now available below. For the over 200 of you who joined us live today, thank you for your interest and feedback and we hope you will join us on January 14 for our next webcast: “Madoff Litigation–Can the Billions Lost be […]
Please sign up below for what will be a terrific webcast today at 2:00 pm EST: “The 2008 Year in Review.” This free webcast is open to everyone and will feature several of the leading bloggers in the securities litigation and SEC enforcement world — including Walter Olson (Point of Law; Overlawyered), Kevin LaCroix (The […]