Topic: Bernard Madoff
Bernard Madoff's brother, sons and a niece, accused in a lawsuit of using the family finance business like a "piggy bank," have agreed to an asset freeze, according to a document filed in court Friday. The deal with court-appointed trustee Irving Picard was described in a document filed in U.S. Bankruptcy Court in Manhattan. Picard sued the family ...
NEW YORK (Reuters) - The asking price for imprisoned Ponzi schemer Bernard Madoff's former home in Palm Beach, Florida, has been reduced again. The 8,750 square-foot (813 square-meter) home is being offered by Corcoran Group for $7.25 million, according to the broker's website. The new price is 8 percent below the previous asking price of $7.9 ...
Finding accusations "speculative and flimsy," a judge has dismissed civil securities fraud charges against a New York brokerage firm and its executives that resulted from a probe into Bernard Madoff's epic fraud. The charges brought by the Securities and Exchange Commission were dismissed Monday against Cohmad Securities ...
BOSTON/NEW YORK (Reuters) - A federal court dismissed fraud claims brought by the U.S. Securities and Exchange Commission against three Cohmad Securities Corp executives accused of helping Bernard Madoff conduct a $65 billion Ponzi scheme. In an order released on Tuesday, U.S. District Judge Louis Stanton in Manhattan dismissed the fraud claims against Cohmad Chairman Maurice "Sonny" Cohn ...
