Daily Archives: April 13, 2018, 7:41 am

Victims of Bernard Madoff’s Ponzi Scheme to Receive Millions More – The New York Times

Victims of Bernard L. Madoff, the architect of one of Wall Street’s largest frauds, will receive another $504 million, proceeds from assets that the government seized after Mr. Madoff’s financial firm collapsed a decade ago. With this distribution, the second in a series of payouts, about 21,000 victims will have received a total of more than $1.2 billion, the Justice…

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SeaWorld faces possible securities sanctions – The San Diego Union-Tribune

SeaWorld has been under investigation by both the SEC and Department of Justice for executives’ disclosures and public statements in August 2014 and earlier about the impact of the anti-captivity “Blackfish” documentary and trading in the company’s securities. SeaWorld also is facing litigation accusing it of misleading shareholders about how the film contributed to falling attendance and revenues. The Department…

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