The trustee recovering money for Bernard Madoff's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion.
The Securities Investor Protection Corporation (SIPC) announced today that Bernie Madoff’s victims will receive almost $2.5 billion in funds as part of a second round of distributions from trustee Irving Picard.
The U.S. Supreme Court won’t hear an appeal by Bernard Madoff’s investors over whether they can recover lost profit, an action that lets stand the Madoff trustee’s calculation that investors lost $17 billion.
Bad actors in the investment world come in all shapes and sizes, so it is important to know how to spot them. Doing so can help you avoid incompetence, at best, and being victimized by fraud, at the worst