‘Enforcement 40’ for 2020
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By Securities Docket on August 11, 2009, 5:10 pm
The SEC today charged Bernard Madoff’s CFO, Frank DiPascali, with securities fraud. The SEC alleges that DiPascali oversaw the mechanics of Madoff’s entirely fictitious investment strategy and created “millions of phony documents and trading records to conceal the fraud from regulators and investors.” Full details of what SEC Enforcement Director Robert Khuzami called “an extraordinary […]
By Securities Docket on August 11, 2009, 4:39 pm
Frank DiPascali, said to be Bernard Madoff’s right hand man in his Ponzi scheme, will “tell all and name names” pursuant to a plea agreement announced today in federal court. ABC News reports that DiPascali pleaded guilty to nine counts, and was then released after posting a $2.5 million dollar bond. His sentencing is scheduled […]
By Securities Docket on August 11, 2009, 3:23 pm
When it comes to funding the SEC, it is time for Congress to put up, shut up, or perhaps just give up and allow the SEC to self-fund.
By Securities Docket on August 11, 2009, 11:12 am
Thomas O’Brien, the U.S. Attorney for the Central District of California, will be joining law firm Paul, Hastings, Janofsky & Walker LLP as a partner in its Los Angeles office. The firm announced today that O’Brien will join its Litigation Department and will focus primarily on white collar matters. O’Brien was nominated to be U.S. […]
By Securities Docket on August 11, 2009, 10:05 am
In this CNBC video, Erin Arvedlund, author of the new book, “Too Good to Be True: The Rise and Fall of Bernie Madoff” discusses today’s hearing involving Madoff’s right-hand man, Frank Di Pascali. Arvedlund beieves DiPascali will provide investigators with a huge amount of information on others involved in the fraud.
By Securities Docket on August 11, 2009, 6:55 am
DOJ Looks for ‘Rock Star’ to Lead Its Fraud Section; Judge Attacks Merrill Pre-Merger Bonuses, Demands More Information Before Approving SEC Settlement; State Street Discloses Receipt of Wells Notice from SEC; State Street Says Subprime Reserve May Be Insufficient; NERA: SEC Settlements Values Remain High; Enron… The Play; BofA, SEC to Defend Merrill Settlement Today; and more.