Madoff Son Found Dead Of Apparent Suicide In SoHo Apartment
The eldest son of disgraced financier Bernard Madoff hanged himself by a dog leash in his apartment Saturday after two years of "unrelenting pressure" following his father's arrest.
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The eldest son of disgraced financier Bernard Madoff hanged himself by a dog leash in his apartment Saturday after two years of "unrelenting pressure" following his father's arrest.
Federal authorities said prominent Massachusetts businessman and philanthropist Carl Shapiro has agreed to forfeit the funds that will be distributed to investors who lost money in jailed financier Bernard Madoff's fraud.
The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.
Brooklyn Assemblyman William Colton said the state is owed $14.4 billion in delinquent taxes and wants Albany to make a greater effort to collect the money.
Picard said his firm is seeking about $69 million in funds deposited by the company's customers and stolen in the 72-year-old's vast Ponzi scheme.
The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.
Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.
A half dozen employees have been charged since FBI agents showed up at Madoff's penthouse apartment in Manhattan on Dec. 11, 2008.
Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.
The last of financial scammer Bernard Madoff's possessions from his Manhattan penthouse and Montauk beach house sold in an auction yesterday in Midtown.
A 10.5-carat diamond engagement ring once worn by Ruth Madoff -- worth at least $300,000 -- was auctioned off Saturday to an anonymous bidder for $550,000.
Federal officials had seized the home, along with Madoff's other properties and assets in New York and elsewhere. Proceeds from the sales of those assets are expected to benefit the victims of Madoff's financial scheme.
In his most expansive comments on the subject, the Mets owner talks about being ripped off by Ponzi schemer Bernard Madoff.
Lawyers for three alleged cohorts of disgraced financier Bernard Madoff say the case is mired in a mountain of potential evidence.
The owners of the Mets should be held accountable for letting their workers put more than $16 million in 401(k) assets into accounts controlled by Bernard Madoff, a widow said in a lawsuit.
