Madoff

Madoff victims cannot sidestep $7.2 billion settlement

By Jonathan Stempel, Reuters | January 25, 2017

A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers.

Supreme Court rejects more than $4 billion in Madoff clawbacks

By Lawrence Hurley, Reuters | June 22, 2015

Madoff trustee recoups $93 million, up total recovery to $10.6 billion

By Jonathan Stempel, Reuters | March 24, 2015

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.

JPMorgan sued by investor over ‘culture of lawlessness’

By Phil Milford, Bloomberg | March 21, 2014

What else is being alleged?

Madoff says Wall Street fraud impossible in video at trial

By Erik Larson, Bloomberg | March 3, 2014

Jurors in the trial of five former Bernard Madoff employees were shown video clips of the con man telling participants at a conference in 2007 that fraud on Wall Street was “virtually impossible.”

JPMorgan ‘failed miserably’ in Madoff case

By Patricia Hurtado and Bob Van Voris, Bloomberg | January 7, 2014

JPMorgan Chase & Co., which agreed to pay $1.7 billion to settle claims that it facilitated Bernard Madoff’s Ponzi scheme, “failed miserably” as a financial institution, Manhattan U.S. Attorney Preet Bharara said.

Madoff accountant pleads not guilty to defrauding clients

By Patricia Hurtado, Bloomberg | September 26, 2013

Bernard Madoff’s former accountant pleaded not guilty to charges he helped the convicted con man carry out a Ponzi scheme, less than two weeks before the start of a trial of five ex-employees who are accused of aiding the fraud.

JPMorgan caught in swirl of regulatory woes

By The New York Times | May 3, 2013

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers.”

Rogue CEOs and absent regulators: Is there a pattern?

By Steve Zwick | November 1, 2012

Corzine may have moved rogue trading to the boardroom, but that’s only the latest in a line of offenses.

Schapiro money-fund failure marks diminished role for SEC

By Joshua Gallu and Robert Schmidt, Bloomberg | October 19, 2012

What Mary Schapiro considered her most important task had just run aground, a symbol of the aspirations and missed opportunities of her tenure as head of the U.S. Securities and Exchange Commission.

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