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Browse: Home / Trustees / Page 2

Trustees

‘You Know What’s Cool? A Billion Dollars,’ Part III | Compliance Week

By Securities Docket on October 20, 2015, 1:10 pm

Yes, the Madoff trustee’s legal and professional fees have passed the $1 billion mark, but with the release today of more good news for Madoff victims, the trustee says that this $1 billion (and counting!) is a “very good return on an investment.” via ‘You Know What’s Cool? A Billion Dollars,’ Part III | Compliance […]

Posted in Criminal, SEC, Top | Tagged Bernard Madoff, Trustees

‘You Know What’s Cool? A Billion Dollars,’ Part II | Compliance Week

By Securities Docket on December 24, 2014, 11:14 am

In a recent court filing, Madoff trustee Irving Picard confirmed that the trustee’s total fees for liquidating the Madoff firm and distributing the over $10 billion in assets recovered to date have now hit the ten-digit mark. via ‘You Know What’s Cool? A Billion Dollars,’ Part II | Compliance Week

Posted in Criminal, Industry, Top | Tagged Madoff, Trustees

Madoff Trustee Strikes $497 Million Settlement With Investors – WSJ

By Securities Docket on November 18, 2014, 8:48 am

Irving Picard , the court-appointed official tracking down funds stolen in the largest Ponzi scheme ever, on Monday announced that two investment funds—Herald Fund SPC and Primeo Fund—have agreed to return $497 million they received by investing with Mr. Madoff. via Madoff Trustee Strikes $497 Million Settlement With Investors – WSJ

Posted in Criminal, SEC, Top | Tagged Madoff, Trustees

Madoff Trustee, Investor Strike Multimillion-Dollar Settlement – WSJ – WSJ

By Securities Docket on October 21, 2014, 7:32 am

A real-estate developer who invested with Bernard Madoff agreed to return $32.75 million in cash and surrender $29.35 million in claims against the convicted Ponzi-scheme operator’s investment firm under a new settlement. via Madoff Trustee, Investor Strike Multimillion-Dollar Settlement – WSJ – WSJ

Posted in Criminal, Industry, Top | Tagged Madoff, Trustees

Madoff trustee is dealt fresh legal setback — Reuters

By Securities Docket on July 7, 2014, 10:54 am

In a decision on Sunday, U.S. District Judge Jed Rakoff said the trustee, Irving Picard, could not invoke federal bankruptcy law to recover money transferred outside the United States between foreign entities, citing a presumption that the law does not apply extraterritorially. via Madoff trustee is dealt fresh legal setback — Reuters

Posted in Criminal, Industry, Top | Tagged Bankruptcy, Madoff, Trustees

Madoff Victim Fund Receives More Than $40 Billion in Claims – Law Blog – WSJ

By Securities Docket on May 13, 2014, 3:17 pm

Until now, only those who invested money directly with Bernard L. Madoff Investment Securities were eligible to receive a piece of the money recovered from the fraud. Investors in so-called feeder funds, which themselves invested in Mr. Madoff’s scheme, have been denied recoveries by Irving Picard, the trustee appointed by the Securities Investor Protection Corp. […]

Posted in Criminal, Industry, Top | Tagged Madoff, Trustees

If You Invested Less Than $925,000 With Bernard Madoff, You’re Now Even — Ponzitracker

By Securities Docket on March 28, 2014, 8:04 am

The proposed distribution will mark the fourth year in a row that Picard has made a distribution to victims, bringing the total payout thus far to nearly $6 billion including the proposed distribution. With the fourth distribution, Picard announced that Madoff victims will now have received approximately 46% of their allowed loss. Combined with the […]

Posted in Criminal, Industry, Top | Tagged Madoff, Ponzis, Trustees

Madoff Victims Could Get Another $349 Million in Proposed Payout – NBC News.com

By Securities Docket on March 26, 2014, 7:53 am

Victims of the epic Madoff Ponzi scheme could get back another $349 million under a proposal submitted to the bankruptcy court Tuesday by trustee Irving H. Picard. The proposed distribution, the fourth since the scandal broke, brings the total payout to nearly $6 billion. via Madoff Victims Could Get Another $349 Million in Proposed Payout […]

Posted in Criminal, Top | Tagged Madoff, Trustees

Madoff Liquidation Legal and Professional Fees Hit $823 Million … and Rising – Compliance Week

By Securities Docket on December 10, 2013, 6:00 pm

The latest report on the Madoff liquidation shows that the total amount of approved legal and other professional fees for the matter now stands at $823.68 million, with over $463 million of that amount going to law firm BakerHostetler. via Madoff Liquidation Legal and Professional Fees Hit $823 Million … and Rising – Compliance Week

Posted in Criminal, Industry, Top | Tagged Fees, Madoff, Trustees

Madoff Trustee Asks Supreme Court to Let Him Sue Banks – DealBook

By Securities Docket on October 10, 2013, 7:45 am

The trustee seeking to recover money for the victims of Bernard L. Madoff’s Ponzi scheme asked the Supreme Court on Wednesday to review a ruling that prohibits him from suing several of the world’s largest banks that he contends aided the fraud. via Madoff Trustee Asks Supreme Court to Let Him Sue Banks – DealBook

Posted in Industry, Top | Tagged Madoff, Trustees

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