‘Enforcement 40’ for 2020
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By Securities Docket on June 29, 2009, 2:54 pm
Although a magistrate judge granted Allen Stanford’s bail request last week, U.S. prosecutors view him as a serious flight risk and will ask a federal judge today to revoke the $500,000 bail. CNBC reports that last week, U.S. Magistrate Judge Frances Stacy said that Stanford may go free on bail provided he comes up with […]
By Securities Docket on June 29, 2009, 2:34 pm
Bernard Madoff’s wife, Ruth Madoff, broke her silence today on her husband’s massive Ponzi scheme. Her statement follows below: I am breaking my silence now, because my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie’s crime, whichis exactly the opposite of the truth. From […]
By Securities Docket on June 29, 2009, 12:06 pm
George Schieren has joined law firm Gibson, Dunn & Crutcher LLP as a partner in its New York office. The firm announced today that Schieren has joined its securities litigation and regulatory enforcement practice. Schieren joins Gibson Dunn from Clifford Chance. Prior to joining Clifford Chance, Schieren served as Senior Vice President and General Counsel […]
By Securities Docket on June 29, 2009, 11:45 am
Maybe we should rename it “The Full Bernie?”
71-year-old Bernard Madoff was sentenced to 150 years in prison today for his multibillion-dollar Ponzi scheme. U.S. District Judge Denny Chin issued the sentence today in the Southern District of New York.
By Securities Docket on June 29, 2009, 11:04 am
DealBook has a good post summarizing some of the recent white collar sentences for defendants in the financial area. It shows that while Madoff faces up to 150 years in prison, 30 years is the high-end of what other defendants have received. Read the DealBook article
By Securities Docket on June 29, 2009, 9:43 am
Bernard Madoff, age 71, will be sentenced today, and may receive up to 150 years in prison. His lawyers have requested a sentence of 12 years. What do you think the sentence will actually be? Please take our poll.
By Securities Docket on June 29, 2009, 6:55 am
Seeking Funds, Madoff Victims Turn on Each Other; Scrushy Invokes Stevens Case, Asks For New Trial; Investors Compete for a Piece of the Madoff Pie; Wife must testify in investigation into possible insider trading involving her husband; LA District Atty: Cal. Budget Cuts Would Help the Next Madoff Avoid Prison; Saudi retail investor denies involvement in insider trading, but accepts fine; and more.