Topic: Bernard L. Madoff Investment Securities LLC
A federal judge blocked the trustee seeking money for Bernard Madoff's victims from interfering with New York state's $410 million settlement with Ezra Merkin, a Wall Street hedge fund manager accused of steering client money to the swindler. The settlement calls for Merkin to pay $405 million to investors over three years, and $5 million to New York State to cover fees and costs.
Peter Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors.
Teams of 'forensic accountants' get set to trace – and maybe recover – funds lost in $50 billion Ponzi scheme.
12/22/2008 12:00 am
Angry investors blame US regulators for one of the investment world's biggest scandals.
12/17/2008 12:00 am