Madoff Family Request to Keep $69 Million Stolen Assets

March 2nd, 2009 • 3 Comments

Bernard Madoff and his wife, Ruth Madoff, filed papers Monday suggesting that the Madoffs and their lawyers believe and claim they are entitled to keep both their $7 million apartment where Bernard Madoff stands under house arrest as well as an additional $62 million in assets. Continue reading ‘Madoff Family Request to Keep $69 Million Stolen Assets.’

Bernard Madoff 2009: Ponzi Extraordinaire

March 2nd, 2009 • No Comments

The story — investment “master,” Bernard Madoff with his firm Bernard Madoff Investment Securities was revealed by the S.E.C. in December to be a complete fraud, specifically using the terms “stunning fraud of epic proportions.” Continue reading ‘Bernard Madoff 2009: Ponzi Extraordinaire.’

NY Court Releases Madoff Scheme Victim List

February 6th, 2009 • No Comments

The Manhattan-based court responsible for the Bernard Madoff case made public the official list of victims, compiled by the Dallas, Texas-based business advisory firm AlixPartners. The list is made up of those who responded to advertisements, rather than those who were necessarily directly involved in the $50 billion Ponzi scheme. Continue reading ‘NY Court Releases Madoff Scheme Victim List.’

Judge to Litt: Madoff House Arrest Stands

January 12th, 2009 • No Comments

Last week, prosecutor Marc Litt in the Madoff Ponzi case called a complaint of private dissipation of Madoff’s assets, Magistrate Judge Ronald Ellis in Manhattan today denied the request, saying that Madoff will be held as the original terms agreed: under house arrest in his $7 million U.S. Manhattan apartment, on bail. Continue reading ‘Judge to Litt: Madoff House Arrest Stands.’