Kotlikoff: Investors at Risk of Wipeout, SIPC a Fraud
Economist Laurence Kotlikoff says all Americans should close their brokerage accounts immediately because of what he calls a massive insurance scam by the SIPC.
Picard Hits Homer vs. Mets
How many All-Star free agents could $162 million have bought the New York Mets?
Mets Settle Madoff Case for $162 million
The controversy over the Mets owners' involvement with Bernie Madoff came to a swift end on Monday as a $162 million settlement was reached just before trial.
Mets’ Owners Ordered to Trial Over Madoff Gains
Bad news for the New York Mets that goes way beyond their perennial bullpen issues: A judge ruled owners Fred Wilpon and Saul Katz will have to forfeit as much as $83 million in allegedly ill-gotten gains and will go to trial over another $303 million. Both findings are related...
Madoff 'Feeder Fund' Settlement Reached
Irving Picard, trustee for the SIPA liquidation of Bernie Madoff's firm, announced Thursday that he had reached a $1 billion settlement with Madoff 'feeder funds.'
Rep. Garrett Prods GAO to Study SIPC Trustee's Handling of Madoff Liquidation
Rep. Scott Garrett, chairman of the House Financial Services Subcommittee on Capital Markets, is calling on the GAO to investigate SIPC Trustee Irving Picard’s handling of the Madoff liquidation, as well as the SEC's oversight of the matter.
GOP Lawmakers Probe SEC on Top Attorney's Ties to Madoff
Republican lawmakers on the House Financial Services Committee want the SEC to answer a bevy of questions regarding David Becker, the SEC’s general counsel who’s alleged to have earned more than $1.5 million from a Madoff account held in his mother’s estate.
Top SEC Attorney Inherited Dirty Madoff Millions, Says Suit
Irving Picard, trustee for the liquidation of Ponzi schemer Bernard Madoff’s firm, has filed a suit against top SEC attorney David Becker and his two brothers that said that Becker and his siblings benefited from a Madoff account that was in their mother’s estate. T
Mets Debt Hit by Moody’s Over Madoff Suit
Already reeling from a lawsuit from the Madoff trustee seeking to recover as much as $1 billion, the New York Mets have now been hit on Friday with a downgrade by Moody’s Investors Service on the team’s stadium debt.
Judge Approves $7.2 Billion Settlement in Madoff Fraud
A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.