Knowledge (XXG)

Recovery of funds from the Madoff investment scandal

Source đź“ť

741:, who also worked at the firm. The Madoff firm also paid out $ 4.5 million to support Ruth Madoff's real-estate-related investments. More than $ 11.5 million was used to buy two yachts for the Madoff family. The firm provided corporate cards to his wife, Ruth, his son's wife and brother's wife, even though they didn't work at the firm. In January 2009, Madoff and his wife, Ruth, spent more than $ 100,000 on the firm's American Express Corporate Card: $ 1,564 at Bistro Chez Jean-Pierre in Palm Beach, Fla.; $ 2,000 at Georgio Armani in Paris; and $ 2,813 at the Apple computer store in New York. Peter Madoff's wife, Marion, was not employed, but was paid a salary of $ 163,500 by the Madoff firm last year. Madoff also paid out $ 471,000 to a marina in Long Island and nearly $ 1 million to exclusive country clubs including the Breakers, the Atlantic Country Club on Long Island, the Palm Beach Country Club and the Trump International Golf Club. Madoff paid the salary of the captain of a boat owned by Frank DiPascali. as well as his personal boat captain, his maid and his house-sitter in Florida. 580:. The agreement was made with the Stanley Chais estate, Chais’s widow, children, and a number of other Chais family members, investment funds, trusts, companies, and other entities associated with Chais. Under the terms of the agreement, the BLMIS Customer Fund received $ 277 million, including a cash payment of $ 258.47 million, as well as the assignment of other assets that would be liquidated over time. All proceeds of the settlement were to go to the BLMIS Customer Fund for the benefit of BLMIS customers with allowed claims. Picard’s lawyers said the settlement covered all of Chais’ estate and substantially all of his widow’s assets, and represented “a good faith, complete and total compromise.” 391:, seeking the return of $ 3.2 billion during the period from 2002 to Madoff's arrest in December 2008. $ 1.2 billion was withdrawn in the final three months of the fraud. Since 1995, the Fairfield funds invested about $ 4.5 billion with Bernard L. Madoff Investment Securities LLC, or BLMIS, through 242 wire transfers. The funds are Fairfield Sentry Ltd., Greenwich Sentry LP, and Greenwich Sentry Partners LP. However, the money may already be in the hands of Fairfield's own clients, who are likely off-limits to Picard, since they were not direct investors with Madoff. 366:, Ariel Fund, and Gabriel Capital. Since 2002, the funds withdrew at least $ 494 million from Madoff — returns that Merkin "knew or should have known" were fraudulent. There were at least 500 instances in the prior ten years when his Madoff account statements showed large blocks of stock bought or sold at prices that did not match the stock's trading range for the day when the transactions supposedly occurred. The case number was 08-01789 (BRL): 656:
in the 90 days before Madoff was arrested. As of December 2008, Santander had $ 3.2 billion of clients' money invested with Madoff, a relationship that started in 1996. The fund continues to have claims against Madoff's estate. The largest Spanish bank earned nearly $ 100 million in management fees in 2006 and 2007 combined selling the feeder fund. Santander lost €17 million ($ 23.8 million) of its own money. 70% of its affected clients are in
538:, 82. The complaint alleged Chais "knew or should have known" he was deep in a Ponzi scheme when his family investments with Madoff averaged 40% annual returns on investment and sometimes soared as high as 300%. It also claimed Chais was a primary beneficiary of the scheme for at least 30 years, allowing his family to withdraw more than $ 1 billion from their accounts since 1995 – money that belonged to Madoff victims. The case number was 624:. On July 31, 2009, Picower filed a motion to dismiss the claim, saying that he "genuinely believed in the personal and professional integrity of Bernie Madoff." He urged the Court that the lawsuit was a "paradigm of excess" that reflected a "frenzied effort" to recover large sums from one of Madoff's wealthiest investors. On October 25, 2009, Picower, who was 67 years old, was found dead at the bottom of his 1033:(it subsequently emerged that the Friehling firm had stated in writing for more than a decade that it didn't conduct audits). Almost as seriously, Picard charged that Chemical/Chase's retail bankers failed to perform even basic oversight of Madoff's banking activities, despite several transactions dating as far back as the 1990s that raised the appearance of 43:. As it has been concluded that no legitimate investments were made on the investors' behalf for at least the last 12 years of operation, recovery has proceeded on a "money in/money out" basis. Investors are entitled to receive no more than the nominal cash amounts that they paid in and did not subsequently withdraw, without regard to inflation, interest, 1041:. Picard argued that even a cursory glance at Madoff's account activity at Chase would have revealed his business could not possibly have been legitimate. He also argued that even after Chase reported its concerns about Madoff's performance to UK officials, it didn't put any restrictions on Madoff's banking activities until his arrest two months later. 750:
BLMIS. Castor Pollux will pay $ 1,000,000 at closing and up to $ 24.5 million in deferred compensation through December 2013. Three bidders competed in the auction. One entity that had submitted a bid on April 22, 2009, withdrew its bid prior to the auction. On April 30, 2009, the sale was approved by the Bankruptcy Court.
1060:. Luxalpha, a Luxembourg-based fund created at their request by the bank was holding about $ 1.4 billion of assets. UBS has denied recommending to clients any Madoff products, stating that clients knew what they were investing in. Financial regulator CSSF has given the bank three months to reform its practices. 913:(Manhattan) was made permanent. As part of the judgment, Madoff was banned from the securities industry. He also agreed that his assets would remain frozen and not violate any securities laws. The agreement did not require Madoff to admit or deny any allegations against him. It also left the issues of any 1094:
In the fall of 2013, JPMorgan began talks with prosecutors and regulators to settle charges alleging that it turned a blind eye to Madoff's actions. On January 7, 2014, JPMorgan agreed to pay a total of $ 2.05 billion in fines and penalties to settle civil and criminal charges related to its role in
854:
On June 12, 2009, a lawsuit was filed against SIPC's Bankruptcy Trustee, Irving Picard by Maureen Ebel, Roger and Diane Peskin claiming his breach of fiduciary duty for failing to follow rules to make payments to Madoff victims. Picard demanded the Peskins pay back $ 113,000 they withdrew from Madoff
781:
On April 13, 2009, a petition by creditors Blumenthal & Associates Florida General Partnership, Martin Rappaport Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno and Steven Morganstern was filed. The filing said their $ 64 million in claims against Mr. Madoff are based on the balances
668:
On July 20, 2010, Picard amended his lawsuit against the Fairfield Greenwich Group claiming it had "actual and constructive knowledge" of the Madoff fraud. Picard was seeking to recover almost $ 7 billion from Fairfield, claiming that it had facilitated the fraud by operating feeder funds. Fairfield
383:
On May 12, 2009, Picard sued Harley International (Cayman) Ltd., which invested more than $ 2 billion with Madoff, receiving an average annual return of 13.5%. The lawsuit alleges the Cayman Islands-based fund ignored warning signs that should have alerted it to the fraud. Harley withdrew more than $
276:
On February 20, 2009, Picard, at a meeting with Madoff creditors, who include individual investors, banks, charities and others, indicated that his investigation has to date not found any evidence that any securities were purchased on behalf of customers in at least 13 years. It was "cash in and cash
1019:
On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $ 6.4 billion. The suit was initially sealed due to confidentiality concerns on Chase's part, but both parties agreed to unseal it on February 3, 2011. The suit alleges that Chase knew or should have known
876:
Under the rules, investors who do not sue Madoff or other parties will be allowed a theft-loss deduction for the 2008 tax year, equal to 95 percent of their total investment, including all fictitious earnings credited to their accounts on which they were taxed, but less any withdrawals, or actual or
749:
Madoff had estimated the value of his Manhattan business as $ 700 million which included both the investment management unit and the market-making operation. At an April 27, 2009, Castor Pollux Securities LLC won the bidding for the acquisition of the assets related to the market making business of
736:
A May 5, 2009, court motion to consolidate business and personal assets, discloses that Madoff used $ 2.7 million of his firm's cash to pay for a home in New Jersey for a longtime employee, JoAnn Crupi. The firm lent nearly $ 11 million to Madoff's sons Andrew and Mark for real estate purchases. He
280:
On April 23, 2009, Picard said he would not seek to recover funds from "net losers" in the fraud, referring to those who lost more than they withdrew over time, but those investors must prove it. 223 investors who have a direct personal relationship with the Madoff clan have received letters seeking
863:
The Hardship Program is designed to give eligible people up to $ 500,000, the insurance limit of the Securities Investor Protection Corp. who are unable to pay living and medical expenses, filing for personal bankruptcy, and ages 65+ who have been forced to leave retirement and return to work. The
655:
On June 16, 2009, Judge Burton Lifland approved the settlement between Picard and Banco Santander SA's Optimal Investment Services. The Optimal SUS fund, one of Madoff's largest feeder funds, agreed to pay $ 235 million, about 85% of the $ 285 million that the Geneva-based hedge fund group redeemed
631:
On December 17, 2010, it was announced that a settlement of $ 7.2 billion had been reached between Irving Picard and Barbara Picower, Picower's widow, the executor of the Picower estate to resolve the Madoff trustee suit, and repay losses in the Madoff fraud. It was the largest single forfeiture in
406:
in New York. The lawsuit claimed that up to 90 percent of Cohmad's income came from referring clients and that the firm had a "symbiotic" relationship with Madoff, having earned hundreds of millions of dollars from the fraud. The lawsuit sought more than $ 100 million paid to Cohmad six years prior
1114:
charging JPMorgan with Bank Secrecy Act violations, but the charges will be dismissed within two years provided that JPMorgan reforms its anti-money laundering procedures and cooperates with the government in its investigation. The bank agreed to forfeit $ 1.7 billion—the largest forfeiture ever
1011:
funds founder Sandra Manzke and former Tremont Chief Executive, Robert Schulman. The amendments were based on the Plaintiffs' attorneys' prison interview with Madoff in July 2009 and an investigation. "The complaint alleges Bernard Madoff's fraud was not accomplished in isolation," the law firm's
979:
partnership that directly deposited $ 12.8 million into Madoff's account between October and early December 2008. The lawsuit alleges the bank of aiding Madoff's crime by maintaining his checking accounts and trading with his brokerage firm long after the bank realized that he was running a vast
320:
company. Beginning in 2002, Vizcaya had wired a total of $ 327 million to Madoff's investment firm through 26 different wire transfers, by the end of October 2008. Coincidentally, Madoff's parents had an investment business called Gibraltar Securities, registered in his mother's name, using their
888:
Alternatively, victims may choose to file a refund claim for the full amount of their investment, including fictitious earnings on which they previously were taxed, but such claims will be subject to the standard rules for theft losses. Victims can also file refund claims based on excluding from
553:
formed to manage money. He took about 3.8% of the profits as management fees. His Chais Family Foundation, which in 2007 reported assets of $ 178 million and charitable contributions of nearly $ 8.2 million, was wiped out and has shut down. He had a home in Beverly Hills, and an apartment in New
1024:
that the performance of Madoff's investments was "too good to be true." The suit also claimed that Chase bankers were making profitable deals with Madoff even as risk management executives expressed concern about the nature of Madoff's business. It also claimed that Chase officials knew that
850:
As of September 3, 2010, a total of $ 722,970,275.94 of Securities Investor Protection Corporation (SIPC) funds have been committed in determination letters sent to 2212 claimants in the Securities Investor Protection Act (SIPA) liquidation proceeding. As of September 3, 2010, a total of 13,331
839:
from several international banks. Investors may each receive a maximum of $ 500,000 from SIPC, but only for cash or securities that are missing from their accounts. It could take several years before all investigations into the scandal are concluded and some investors are able to file claims.
516:
In an interview in July 2010, Picard said that he could potentially end up suing about half of the estimated 2,000 individual investors who withdrew more from Madoff's funds than they had invested. These investors claim such recovery would cause personal hardships. For example, one 87-year-old
285:
in bankruptcy proceedings means that investors who withdrew their money before the fraud was revealed may be compelled to return their profits or even part of their initial investments. Many of these 223 investors – Madoff's relatives, employees, and their relatives, and those managers who fed
47:
or the false statements that Madoff provided them. Those statements combined to a total balance of approximately $ 64 billion, while the admitted claims amount to $ 19.5 billion. As of March 2024, the trustee had recovered $ 14.7 billion toward these claims through legal action against Madoff
446:, was still on the market as of August 2010; in February 2010 the asking price for the property was lowered to $ 7.25 million, below the initial asking price of $ 8.49 million and the previous reduced asking price of $ 7.9 million. In May 2010, Madoff's penthouse at 133 East 64th Street in 877:
potential recoveries from SIPC or their own insurance. Victims who decide to sue Madoff or third parties, believing they might have the possibility of some recovery, may still deduct 75 percent of their investment. The deduction will not be subject to the limitations on deduction of
517:
former school secretary had made mandatory withdrawals from her retirement account and had paid taxes on the withdrawals, but Picard had sent her two letters seeking repayment of $ 691,372. On November 12, 2010, Picard sued five former Madoff employees: former head of operations
142:
On March 17, 2009, prosecutors filed a document listing more assets including $ 2.6 million in jewelry and about 35 sets of watches and cufflinks, more than $ 30 million in loans owed to the couple by their late sons, and Ruth Madoff's interest in real estate funds sponsored by
872:
On March 17, 2009, the IRS issued new rules for Madoff investors who claim theft losses. Revenue Ruling 2009–9, sets forth general rules for claiming theft losses from Ponzi schemes, and Revenue Procedure 2009–20, includes safe harbor elections for investors in such schemes.
737:
also gave a $ 9 million loan to his brother Peter in 2007, none of which were ever repaid. The firm also gave money to two entities owned by Madoff family members, including $ 1.7 million in capital contributions to Madoff Energy Holdings LLC, owned by Andrew, Mark and
596:. The complaint alleged the Picowers, friends of Madoff for decades, "knew or should have known they were benefiting from fraudulent activity or, at a minimum, failed to exercise reasonable due diligence." The Palm Beach, Florida, foundation had given millions to the 801:, the U.S. District Judge presiding in Madoff's criminal case, separately granted a motion by prosecutors to restrain the transfer of assets held by Madoff or his wife, Ruth, and be subject to criminal forfeiture proceedings, rather than the bankruptcy proceedings. 170:
modified an existing freeze order to surrender assets Madoff owns: his securities firm, real estate, artwork, and entertainment tickets, and granted a request by prosecutors that the existing freeze remain in place for the Manhattan apartment, and vacation homes in
851:
customer claims have been filed in connection with 3,565 customer accounts at BLMIS. Many of the rejected claims were due to the fact that they were from customers of feeder funds and not direct BLMIS customers, also numerous duplicate claims were rejected.
225:
On June 25, Madoff agreed to forfeit his share of $ 170 million of real estate, investments and other assets, with his wife forfeiting $ 80 million. Ruth Madoff retained $ 2.5 million as part of the agreement. The assets will be sold by federal marshals.
651:
SA's Optimal Investment Services S.A., based in Geneva, defrauded clients by misrepresenting its relationship with Madoff and the due diligence it was carrying out on Madoff's activities. The criminal complaint was filed by an independent asset manager.
2905:"ORDER PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE AND RULES 2002 AND 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE APPROVING AN AGREEMENT BY AND AMONG THE TRUSTEE AND THE PICOWER BLMIS ACCOUNT HOLDERS AND ISSUING A PERMANENT INJUNCTION" 677:
As of 26 February 2018, Picard announced a new recovery disbursement of $ 621 million, bringing the net recovery up to $ 11.4 billion. Picard is holding another $ 1.8 billion is held in reserve for contested claims. A separate fund run by the
885:, which can be carried back, at the taxpayer's election, 3, 4, or 5 years, with any loss still remaining carrying forward 20 years. These rules apply to all Ponzi schemes where there has been a federal or state indictment of the lead promoter. 138:
and $ 17 million in cash; $ 8.8 million worth of yachts; and $ 2.6 million worth of jewelry. The SEC is working with federal prosecutors, who have filed a notice with the Federal Court to seek forfeiture of all listed ill-gotten assets.
407:
to Madoff's firm declaring bankruptcy, and more than $ 105 million in profits Cohmad employees and their families withdrew from the investment accounts they held with Madoff. The case is Picard v. Cohmad Securities Corp., 09-AP-1305,
525:
lawsuit seeking recover of $ 20.4 million in false profits from Melvyn I. Weiss and David J. Bershad, who had both previously pleaded guilty to racketeering charges in an earlier securities fraud case involving kickbacks to clients.
2745:"ORDER PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE AND RULES 2002 AND 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE APPROVING AN AGREEMENT BY AND AMONG THE TRUSTEE AND THE ESTATE OF STANLEY CHAIS AND OTHER DEFENDANTS," 151:. Ruth Madoff, and Peter Madoff, invested as "passive limited partners" in real estate funds sponsored by the company, as well as other venture investments. Assets also include the Madoffs' interest in Hoboken Radiology LLC in 660:. In April, Santander offered its clients compensation for losses from the fraud, and 93% of clients affected by the Madoff fraud had accepted, which it originally valued at €1.38 billion. The offer has been widely criticized. 521:, former controller Enrica Cotellessa-Pitz, trader David Kugel, and employees Annette Bongiorno and Jo Ann Crupi. The suit seeks recovery of $ 70 million in allegedly fraudulent transfers. On November 17, 2010, Picard filed a 418:
On June 26, 2009, Judge Chin ordered Madoff to personally forfeit $ 170 million in assets, and his wife, Ruth agreed to relinquish her claims to more than $ 80 million and to retain only $ 2.5 million. The order allowed the
362:, seeking to recover almost $ 500 million withdrawn from Madoff accounts in the prior six years. The complaint alleged that since 1995, Merkin steered more than $ 1 billion to Madoff through three private hedge funds, 685:
As of September 1, 2010, Picard had reported approximately $ 1.5 billion found. Eight lawsuits against Madoff's biggest "feeder funds" and other investors seek a total of $ 13.7 billion in damages. $ 301,407,190 of
573: 1115:
imposed in American financial history. The government will use this money to help make Madoff's victims whole. JPMorgan also agreed to pay a $ 350 million fine to the Office of the Comptroller of the Currency.
277:
out." He identified more than $ 830 million in liquid assets that may be subject to recovery. David Sheehan, a lawyer working for Picard, indicated: "We are looking at every member of the Madoff family."
2681: 847:. David Sheehan, a lawyer working for Picard, indicated that the SIPC will be trying to recover "false profits" earned by some investors. "It was all just made up. ... You got somebody else's money." 1012:
statement said. "The sheer size and scope of the fraud make it impossible for Madoff to have acted alone. The complaint alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm
843:
On February 20, 2009, Picard, at a meeting with Madoff creditors who include individual investors, banks, charities. and others, confirmed that customers can each recover up to the $ 500,000 under the
281:
the return of funds totaling $ 735 million they redeemed from the Madoff firm as many as six years before the firm collapsed—the time limit allowed under New York law. Known as the legal doctrine of
701:
for a Mercedes S-550, because Madoff refused to provide the requisite company credit information. A Bankruptcy Court Judge Burton Lifland denied Kugel's estimated remaining $ 58,212 lease liability.
59:
Madoff provided a confidential list of his assets and those of his firm (BLMIS) to the SEC on December 31, 2008, which was subsequently disclosed on March 13, 2009, in a court filing. Madoff had no
3983: 1100: 855:
in the 90 days before the firm closed. They also invested more than $ 470,000 in the same period, a net loss of $ 357,000. Ebel claims she is owed for two accounts that held her life savings.
809:
On June 10, 2009, Judge Burton Lifland allowed Picard's request to consolidate two court proceedings—those involving the liquidation of Bernard L. Madoff Investment Securities LLC, brought by
3795: 2893: 2597: 1282: 2628: 2383: 484:
was sold at auction for $ 700,000 to an unknown buyer. At the same auction other items formerly belonging to Madoff were sold, including a 38-foot 2003 Shelter Island Runabout Sport,
1659: 621: 155:; Delivery Concepts LLC, an online food ordering service in midtown Manhattan that operates as "delivery.com"; an interest in Madoff La Brea LLC; an interest in the restaurant, 1477: 3933: 2691: 889:
income fictitious earnings which they previously reported, but such claims must be filed when the prior returns are still open for refund, generally three years from filing.
1772: 1079:, chief executive officer of Access International, which managed LuxAlpha, was found dead in his New York office after losing all of the money he had invested with Madoff. ( 273:
On January 2, 2009, Picard sent letters to 8,000 potential claimants – advising customers they had until March 2, 2009, and creditors, until July 2, 2009, to place claims.
910: 628:
swimming pool. The Picowers' lawyer, William D. Zabel of Schulte Roth & Zabel, said that, "They were totally shocked by his fraud and were in no way complicit in it."
3827: 1020:
that Madoff's wealth management business was a fraud. However, Chase didn't report its concerns to regulators or law enforcement until October 2008, when it told the UK
1124: 813:(SIPC) and Madoff's involuntary personal-bankruptcy case, claiming "it was virtually impossible to separate Madoff's affairs from those of his company. The SIPC case is 114:'s combined assets with her husband had a net worth of between $ 823 million and $ 826 million. She had $ 92.6 million in assets listed in her own name: the $ 7 million 3040: 1683: 265:
gave Picard power to seize assets and records, demand documents, summon witnesses, and enter Madoff's residences around the world, including his Manhattan penthouse.
3282: 3950: 558: 2882: 3451: 2920: 1242: 1220: 103:
accounts were listed. The SEC withheld further information about the assets to prevent them from being seized by foreign regulators and foreign creditors.
3684: 450:
was sold to Al and Patsy Kahn for $ 8 million, a markdown from the original asking price of $ 9.9 million and the reduced listing price of $ 8.9 million.
810: 697:
On October 31, 2008, Craig Kugel, human resource employee, was "designated" a trustee by Peter Madoff, who told him to sign a lease for his brother, as
669:
had previously settled a suit filed by the Massachusetts Secretary of the Commonwealth for $ 8 million to cover losses of 15 investors from that state.
510:
with 12,827 miles on it, owned by Ruth Madoff, sold for $ 30,000. The Manhattan penthouse and Montauk Long Island summer home were seized in July 2009.
2714: 1579: 1030: 3152: 2605: 1279: 2373: 3926: 2636: 902: 420: 1076: 316:
Federal Bankruptcy Court seeking $ 150 million Madoff wired as a "preferential payment" to the bank, invested on behalf of Vizcaya Partners, a
1169: 480:
On November 19, 2009, many items formerly belonging to Madoff were auctioned off at a private auction conducted by the U.S. Marshals Service.
597: 3905: 1106:. In the agreement, JPMorgan admitted that it and its predecessors failed to report illegal activities on Madoff's part as required by the 917:
and repayments to be imposed against Madoff for a later time. The agreement was unrelated to any plea or indictment in the criminal matter.
261:-based firm which Picard joined the week before he was appointed), are locating assets for distribution to investors. U.S. District Judge 1499: 1004: 339:
for the return of $ 255 million transferred to it shortly before Madoff Investment's collapse. Beginning in the mid-1990s, feeder funds
53: 2441: 2321: 1931: 1369: 778:
proceedings, against the wishes of federal prosecutors and the Securities and Exchange Commission who claim it unnecessary and costly.
384:
1 billion from the firm in the two years before its collapse on December 11, 2008, including $ 425 million in those last three months.
4131: 4089: 3919: 2087: 844: 343:
and Kingate Euro, created by Carlo Grosso, channeled $ 1.7 billion of his client's money to Madoff. The funds were registered in the
2343: 1866: 924:
have been filed – mainly suits on behalf of investors who indirectly invested when they entrusted their money to funds-of-funds like
1064: 824:
On January 6, 2009, Picard and lawyers from his firm said some investors may get cash advances from SIPC well before March 4, 2009.
2360: 2302: 1782: 2758: 2224: 286:
billions of dollars of investors' money to him, withdrew funds within the previous 90 days of Madoff's December 10, 2008, arrest.
1953: 1703: 647:'s public prosecutor Dario Zanni, confirmed on June 20, 2009, that he had opened a criminal investigation into allegations that 3824: 3100: 2795: 2419: 1410: 321:
home as the business address. In January 1964, the SEC dropped their investigation when Sylvia agreed to close "her" business.
76: 2175: 1016:
and their international counterparts, KPMG UK and KPMG International were primary players necessary to accomplish the fraud."
980:
fraud. In September 2008, Morgan Chase began withdrawing $ 250 million of its own money from the Sentry funds operated by the
3233: 1975: 1808:"SIPC: $ 61 Million in Commitments Made to Madoff Claimants, With $ 100 Million Level Expected To Be Reached by Memorial Day" 1521: 1096: 1021: 454: 222:, Maxam Capital and other firms that allegedly fed Madoff's fund, which could allow Fairfield to recover up to $ 75 million. 3899: 3562: 3539: 1680: 984:, a Madoff feeder fund. If the bank had terminated Madoff's accounts then, the plaintiffs would not have lost their money. 2134: 1321: 933: 572:
The widow, children, family, and estate of Chais settled with Picard in 2016 for $ 277 million. On November 19, 2016, the
412: 60: 3772: 2483:"Madoff mansion: U.S. marshals seize Bernie Madoff's Palm Beach mansion, fishing boat in Fort Lauderdale – South Florida" 2744: 2482: 988: 831:
to help customers of failed brokerage firms. SIPC has $ 1.7 billion in assets, $ 1 billion in credit available from the
3516: 3341: 3237: 3177: 3077: 1454: 1432: 4072: 3881: 3844: 2658: 1347: 687: 434:
2009; artwork and possessions, including boats, were to be auctioned later. Madoff's home at 216 Old Montauk Highway,
3392: 1908: 1844: 1633: 1145:"Investigation of Conflict of Interest Arising from Former General Counsel's Participation in Madoff-Related Matters" 328:
apartment on behalf of customers allegedly swindled in France. The property, listed in Ruth Madoff's name located in
3875: 3632: 4041: 3019: 2916: 399: 3459: 3942: 1255: 1082: 981: 925: 576:
approved a global settlement – made in cooperation with the California Attorney General - with the defendants in
546: 388: 219: 24: 3393:"Some people who got out of Bernard Madoff Investment Securities before it imploded may have to give back gains" 1979: 2777: 682:
distributed $ 723 million in November 2017, with another $ 3 billion in that fund remaining to be distributed.
368:
IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, v. J. EZRA MERKIN
3887: 2706: 3369: 2904: 605: 549:, who was accused of steering money to private interests, including Madoff, through Chais's Brighton Co., a 461:
on Florida's east coast; these included a restored, custom-made 1969 Rybovich wooden antique fishing yacht,
336: 188: 3604: 2868: 2463: 1822: 864:
claim will be decided within 20 days after qualifying is determined. The filing deadline was July 2, 2009.
3700: 2243: 828: 617: 613: 344: 317: 215: 203: 3893: 3865: 3660: 3585: 2112: 187:
between Madoff Securities and several large brokerages, designed to replicate the auction process on the
3722: 3058: 3000: 2261: 818: 679: 489: 408: 403: 282: 214:
to freeze and secure all real estate property owned by the Madoffs and the homes of his inner circle in
3364: 3323: 1749: 1221:"Justice Department Announces Total Distribution of Over $ 4 Billion to Victims of Madoff Ponzi Scheme" 1143:
United States Securities and Exchange Commission Office of the Inspector General (September 16, 2011).
3304: 1932:"Bernie Madoff to lose French Riviera home as authorities are set to seize Ponzi schemer's apartment" 1557: 1298: 1111: 439: 88: 1604: 1535: 324:
On March 23, 2009, the bankruptcy trustee disclosed that French authorities were going to seize the
4096: 4080: 2686: 2378: 976: 929: 787: 775: 625: 550: 474: 443: 176: 160: 152: 115: 473:
woodwork, as well as several other boats ' as well as personal property within the family home in
218:, including personal property and financial accounts of Madoff, his relatives and executives with 4107: 3973: 3849: 3609: 2004: 882: 878: 783: 601: 593: 504: 234: 3750: 3118: 2732: 975:
On April 23, 2009, JPMorgan Chase was served with a complaint from MLSMK Investment Company, a
52:
and beneficiaries of the scheme, and had made fifteen distributions to investors. Action by the
2534: 2962: 1000: 435: 395: 211: 172: 156: 144: 3215: 2817: 294:
As of May 14, 2009, lawsuits to recover $ 10.1 billion in fictitious profits had been filed.
4101: 4066: 2844: 2682:"Los Angeles investment manager Stanley Chais sued for funneling cash to Bernie Madoff fund" 2507: 2157: 2030: 1889: 1392: 1107: 1072: 1034: 720: 518: 374: 371: 329: 262: 180: 167: 44: 32: 3870: 3968: 3831: 3688: 3139: 2322:"We All Just Sold Bernie Madoff's Penthouse, At a Discount - Real Estate Sold - Curbed NY" 1687: 1286: 945: 691: 648: 497: 348: 254: 123: 80: 1580:"Madoff's Manhattan Penthouse for sale sold to creator of cabbage patch kids in Jan 2010" 423:(SEC) and Irving Picard to continue to pursue Ruth Madoff's funds, and on July 29, 2009, 1478:"Now that's a decent return! Madoff's opening day Mets tickets sell for $ 7,500 on eBay" 774:
reversed his December 18, 2008, ruling and ordered that investors can force Madoff into
380:'s demands to step down as manager of his hedge funds and place them into receivership. 4059: 3978: 3637: 1068: 969: 941: 836: 766:
Chapter 7, Involuntary Personal Bankruptcy consolidation with SIPA liquidation of BLMIS
589: 566: 496:, which sold for $ 21,000. A 61-foot 2003 Viking sport-fishing yacht formerly owned by 363: 359: 340: 325: 230: 135: 131: 84: 36: 4125: 4034: 4004: 3963: 3958: 1250: 1103: 1008: 957: 937: 832: 771: 657: 633: 535: 501: 424: 352: 332:, was worth about $ 1 million, and contained approximately $ 900,000 in furnishings. 305: 250: 192: 184: 28: 3474: 3260: 3196: 2981: 2943: 2560: 2283: 2068: 2049: 1867:"Madoff Trustee Seeks Recovery From Offshore Investor - DealBook Blog - NYTimes.com" 1726: 758:
On July 1, 2009, Trustee Picard agreed to take over the 1986 lease on behalf of the
632:
American judicial history. "Barbara Picower has done the right thing," US Attorney
4014: 1038: 961: 921: 815:
Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC
738: 377: 92: 40: 2894:"Madoff Trustee Recovers $ 7.2 Billion for Victims of Scheme" - The New York Times 1455:"Ruth Madoff Says Her $ 62 Million 'Unrelated' to Fraud (Update2) - Bloomberg.com" 964:
in 1996, and the merged bank took the better-known Chase name. Chase merged with
782:
contained in the last statements they received from his firm. Claims are based on
2917:"Madoff Client Jeffry Picower Netted $ 5 Billion—Likely More Than Madoff Himself" 358:
On May 7, 2009, Madoff Bankruptcy Trustee, Irving Picard filed a lawsuit against
4009: 3999: 3517:"Madoff Won't Contest SEC Claims Under Partial Accord (Update2) - Bloomberg.com" 3503: 3491: 3436: 3342:"Madoff's Firm Owed $ 600 Million in Stock, SIPC Says (Update1) - Bloomberg.com" 1807: 1053: 1026: 507: 309: 207: 148: 111: 96: 49: 3812: 1954:"Madoff Trustee Sues Kingate for Return of Funds - DealBook Blog - NYTimes.com" 126:; an $ 11 million mansion in Palm Beach, Florida; a three-bedroom apartment in 3796:"J P Morgan Chase pays $ 1.7 billion and settles Madoff related criminal case" 1660:"Madoff trustee: No securities bought for customers in 13 years – MarketWatch" 1634:"Madoff Trustee Picard Recovers About $ 946 Million in Assets - Bloomberg.com" 1608: 1049: 996: 914: 898: 798: 705: 297:
On March 16, 2009, a bankruptcy court filing indicated the British enclave of
229:
In Jan 2010, Madoff's Manhattan Penthouse at 133 East 64th Street was sold to
100: 68: 3911: 2942:
Mollenkamp, Carrick; Bryan-Low, Cassell; Catan, Thomas (December 17, 2008).
1411:"Prosecutors Seek to Claim More Madoff Assets - DealBook Blog - NYTimes.com" 1144: 698: 562: 447: 431: 313: 298: 258: 119: 3415:"Trustee: No indication Madoff bought securities - U.S. business- NBC News" 3414: 2733:"Madoff trustee reaches $ 277 million accord with money manager's family," 2581:
Rothfeld, Michael (July 26, 2010). "Madoff Investors Brace for Lawsuits".
2397: 237:
dolls, for approx. $ 8.9m, a million less than the original asking price.
3078:"Madoff's car deal leaves associate on the hook for $ 58K - USATODAY.com" 2398:"Marshals seize Madoff's yacht, mansion in Fla. - Business - US business" 965: 709: 609: 522: 466: 1810:. Securities Investor Protection Corporation. PR Newswire. May 14, 2009. 1681:
The Associated Press: Trustee: No evidence Madoff bought any securities
430:
Madoff-owned United States properties were auctioned unfurnished after
246: 127: 72: 3563:"Madoff Makes Peace with the SEC, Amount of Fine TBD – Law Blog – WSJ" 2707:"Stanley Chais dies at 84; money manager invested with Bernard Madoff" 2277: 2275: 972:
in 2000, and Madoff retained his account there until his 2008 arrest.
1777: 644: 458: 64: 2303:"Bernie Madoff's wife, Ruth, agrees to account for monthly spending" 2201: 1223:. Department of Justice Office of Public Affairs. September 28, 2022 987:
On October 20, 2009, an amended complaint to an investor lawsuit in
574:
United States Bankruptcy Court for the Southern District of New York
438:, was sold for $ 9.4 million to real estate investor Steven Roth of 2883:"Madoff Trustee Gets 'game Changing' 7.2 Billion Settlement" - NECN 2374:"Feds to auction off Ponzi schemer Bernie Madoff's luxurious homes" 2244:"SEC Files Fraud Charges Against Cohmad, Co-Founder in Madoff Case" 513:
Picard planned to sell Madoff's plane and his interest in NetJets.
2598:"Five Ex-Madoff Workers Sued by Bankruptcy Trustee Over Transfers" 2464:"Madoff's Boats, Car, Ruth's Jewels Score $ 3 Million for Victims" 2420:"Marshals seize Madoff yacht; other raids expected – Apr. 1, 2009" 897:
On February 9, 2009, a partial judgment in the December 11, 2008,
791: 713: 690:'s funds were in one Madoff company account, and $ 233,500,000 of 1976:"Madoff Trustee Sues to Recover $ 255 Million From Kingate Funds" 3773:"UBS, Accounting Firm Sued Over Fund Linked to Madoff (Update2)" 2629:"Madoff Trustee Sues Ex-Milberg Weiss Lawyers Over False Profit" 2361:
Proposals sought from brokers for sale of Madoff homes | Newsday
1909:"Madoff Mess: Mother had a run-in with the feds – Jan. 16, 2009" 1195: 1013: 992: 565:, where he and his wife had moved to further the treatment of a 470: 196: 3915: 3001:"Geneva Probes Santander Madoff Links as Investor Alleges Scam" 1773:"Lessons For Madoff Investors From The Bayou Fund Ponzi Scheme" 1170:"Madoff Victims Get $ 1.2 Billion in Sixth Ponzi Scheme Payout" 1067:'s LuxAlpha Sicav-American Selection are suing UBS, the fund's 704:
Picard terminated Madoff's leases totaling $ 117,359 of a 2007
1057: 759: 3261:"Creditors File Bankruptcy Petition Against Madoff - WSJ.com" 3234:"Madoff Judge Won't Block Forced Bankruptcy Filing (Update1)" 3059:"Madoff Trustee Tells Judge of .08 Billion Found for Victims" 2225:"Picard's Latest: A Huge Lawsuit Against Fairfield Greenwich" 1433:"Madoff Prosecutors Seek to Take Businesses, Loans (Update1)" 3437:"SIPC: $ 61 Million In Commitments Made to Madoff Claimants" 3178:"Madoff Trustee Seeks to End Firm's Benefits Plan (Update1)" 2262:"Madoff Bankruptcy Trustee Sues Cohmad Securities (Update2)" 1845:"Madoff's Firm Sold to Castor Pollux, Lawyer Says (Update2)" 1558:"Ruth Madoff forfeits asset claims, left with $ 2.5 million" 1196:"Bernard L. Madoff Investment Securities LLC – Case Details" 1101:
United States Attorney for the Southern District of New York
588:
On May 12, 2009, Picard filed a $ 5 billion lawsuit against
3540:"Madoff and SEC agree on a partial judgment – Feb. 9, 2009" 1823:"Prosecutors Target Madoff Cash, Bonds and Homes - WSJ.com" 1536:"Madoff Homes to Be Sold, Wife Forfeits Most of Her Claims" 1099:—the first ever imposed on a major New York City bank—with 79:. He owned less than a combined $ 200,000 in securities in 3439:. Securities Investor Protection Corporation. May 4, 2009. 3101:"Nearly $ 7M found in Madoff's Bank of New York accounts" 1280:
Madoff assets worth more than $ 820 million – Newsday.com
2202:"Fairfield Is Sued by Madoff Trustee for $ 3.54 Billion" 1999: 1997: 948:
to the attorney is usually 25% or more of the recovery.
398:
founder Maurice "Sonny" Cohn, daughter Marcia Cohn, and
3894:
Complaint against Harley International (Cayman) Limited
3813:
JP Morgan to pay $ 1.7bn to victims of the Madoff fraud
3140:
https://www.abcnews.go.com/images/Blotter/MadoffAMEX.pd
1370:"Madoff to appeal bail, net worth revealed | U.S." 1056:
is negotiating a settlement with custodial Swiss Bank,
2442:"Madoff's 'Bull' boat sold at Fort Lauderdale auction" 2135:"Madoff Trustee's Lawsuit Against Fairfield Greenwich" 534:
On May 1, 2009, Irving Picard filed a lawsuit against
402:, among more than two dozen individuals and trusts in 2843:
Diana B. Henriques and Zachery Kouwe (May 12, 2009).
1802: 1800: 27:
broke in December 2008. That month, recovery trustee
3041:"Money stolen by Bernie Madoff is still being found" 2944:"Fairfield Group Forced to Confront Its Madoff Ties" 2796:"Philanthropist wants Madoff trustee lawsuit tossed" 2705:
Pfeifer, Stuart; Sarno, David (September 26, 2010).
2176:"Madoff Trustee Seeks $ 3.2 Billion From Hedge Fund" 1697: 1695: 1393:"Prosecutors Try to Recover Assets of Madoff's Wife" 881:. Any loss exceeding current income may result in a 545:
Stanley Chais was a wealthy investment advisor from
21:
recovery of funds from the Madoff investment scandal
4051: 4023: 3992: 3949: 3153:"Records Show How Madoff Used Firm as 'Piggy Bank'" 1727:"Madoff's Net Losers Safe From Clawbacks - WSJ.com" 1299:"ABC News: Madoff Set to Disclose List of Holdings" 712:, 2007, 2008, and 2009 Mercedes-Benzes, and a 2006 561:.) Chais died on September 26, 2010, at age 84, in 210:, which lost $ 42 million, was granted a temporary 3586:"Fairfield fund wins order in Madoff-related suit" 2659:"Madoff Trustee's Complaint Against Stanley Chais" 1150:. United States Securities and Exchange Commission 956:Madoff opened a business account at what was then 911:U.S. District Court, Southern District of New York 179:. He has also agreed to surrender his interest in 3305:"Bankruptcy judge OKs consolidating Madoff cases" 2878: 2876: 2728: 2726: 2724: 2554: 2552: 1125:List of investors in Bernard L. Madoff Securities 827:SIPC is a securities-industry fund formed by the 465:, valued at $ 2.2 million, featuring a hydraulic 2301:Gearty, Robert; Standora, Leo (August 4, 2009). 2158:"Trustee Sues Hedge Funds Over Losses to Madoff" 762:for at least another year of the investigation. 4042:United States v. Jerome O'Hara and George Perez 3236:. Bloomberg.com. April 10, 2009. Archived from 2757:Zambito, Thomas; Standora, Leo (May 13, 2009). 2561:"Judge Backs Sale of Madoff Market-Making Unit" 2242:Scannell, Kara; Frank, Robert (June 23, 2009). 1978:. Bloomberg.com. April 18, 2009. Archived from 1653: 1651: 1605:"Madoff Sought, Got Cash in Days Before Arrest" 1341: 1339: 394:On June 22, 2009, Picard filed a claim against 355:Plc, as a defendant. The bank wired the money. 3845:JPMorgan Faces Possible Penalty in Madoff Case 3475:"Madoff-Tied Brokerage Loses Its Registration" 2627:Jef Feeley; Dawn McCarty (November 18, 2010). 2502: 2500: 2069:"Foundation That Is Tied to Madoff Faces Suit" 1083:Madoff Investment Scandal#Impact and aftermath 488:, which sold for $ 320,000 and a 24-foot 2000 3927: 3633:"Madoff: Complaint Against J.P. Morgan Chase" 3216:"Bid for Madoff Trading Unit Is $ 15 Million" 3018:Michael Rothfeld; Chad Bray (July 22, 2010). 2282:Efrati, Amir; Frank, Robert (June 27, 2009). 1628: 1626: 1599: 1597: 1110:as early as 1994. Bharara filed a two-count 1090:JPMorgan Chase deferred prosecution agreement 821:, Southern District of New York (Manhattan). 719:On April 28, 2009, it was disclosed that the 559:Participants in the Madoff investment scandal 8: 3906:Picard v. Cohmad Securities Corp. 09-AP-1305 3900:Picard v. Fairfield Greenwich Group 08-01789 3723:"Madoff trustee suit against JPMorgan Chase" 3661:"Suit Claims JP Morgan Aided Madoff's Fraud" 3035: 3033: 2980:Efrati, Amir; Catan, Thomas (May 27, 2009). 2088:"Madoff Trustee Sues Hedge Fund for Billion" 1956:. Dealbook.blogs.nytimes.com. April 20, 2009 1890:"Personal Bankruptcy for Madoff More Likely" 1869:. Dealbook.blogs.nytimes.com. April 10, 2009 1413:. Dealbook.blogs.nytimes.com. March 17, 2009 1063:About 70 investors whose money was put into 578:Picard v. the Estate of Stanley Chais, et al 16:Efforts since scandal broke in December 2008 2508:"Marshals Take Control of Madoff Apartment" 1500:"Town sues Madoff, hedge funds over losses" 1391:de la Merced, Michael J. (March 16, 2009). 944:'s Ascot, Gabriel and Ariel Partners. The 3934: 3920: 3912: 3751:"Luxembourg seeks Madoff deal | U.S." 1075:, its auditor, and directors of the fund. 811:Securities Investor Protection Corporation 442:. Madoff's mansion at 410 North Lake Way, 3843:Protess, Ben; Silver-Greenberg, Jessica. 3605:"Madoff 101: Total Immersion for Lawyers" 2963:"Santander Heaps Insult on Madoff Injury" 2845:"Billions Withdrawn Before Madoff Arrest" 2576: 2574: 2031:"Trustee Sues Madoff Hedge Fund Investor" 1031:Public Company Accounting Oversight Board 723:held $ 7 million in six Madoff accounts. 301:had found $ 75 million in Madoff assets. 191:. Madoff's April 14, 2009, opening day 134:valued at $ 1.5 million; $ 45 million in 56:has recovered an additional $ 4 billion. 3866:Madoff Coalition For Investor Protection 3099:DeStefano, Anthony M. (April 28, 2009). 2818:"Madoff investor drowns in Florida pool" 1907:Varchaver, Nicholas (January 16, 2009). 1750:"Madoff fraud could burn early pullouts" 1522:"Fairfield gets freeze on Madoff assets" 3365:"Investors May Have to Surrender Gains" 1135: 1095:the Madoff scandal. The bank signed a 903:U.S. Securities and Exchange Commission 770:On April 10, 2009, U.S. District Judge 421:U.S. Securities and Exchange Commission 3825:Text of deferred prosecution agreement 3659:Henriques, Diana B. (April 25, 2009). 3504:Revenue Procedure 2009–20, 2009–14 IRB 3214:Henriques, Diana B. (March 27, 2009). 1888:Henriques, Diana B. (April 10, 2009). 3324:"Suit: Madoff Family Got Ponzi Funds" 3259:Palank, Jacqueline (April 13, 2009). 3197:"Suit: Madoff Family Got Ponzi Funds" 2982:"Santander, a 'Feeder,' Pays a Price" 2923:from the original on February 8, 2013 2759:"Bernie Madoff pals hit with lawsuit" 2717:from the original on October 7, 2010. 2050:"Merkin to Put Funds in Receivership" 1582:. NYCPenthouses.com. January 25, 2011 1348:"RUTH IN CROSSHAIR$ – New York Post" 598:Massachusetts Institute of Technology 7: 3603:Parloff, Roger (February 26, 2009). 3538:Chernoff, Allan (February 9, 2009). 2596:Van Voris, Bob (November 13, 2010). 2559:Mclaughlin, David (April 30, 2009). 2533:Caroline Waxler (January 19, 2009). 2156:Henriques, Diana B. (May 18, 2009). 2113:"Madoff Trustee Suit Against Harley" 1476:Goldsmith, Samuel (April 12, 2009). 1077:RenĂ©-Thierry Magon de la Villehuchet 370:. On May 18, 2009, Merkin agreed to 2776:Coomarasamy, James (May 23, 2009). 2535:"Bernie Madoff's Plane Is For Rent" 2386:from the original on July 19, 2022. 2029:Henriques, Diana B. (May 7, 2009). 1322:"Madoff's assets to be kept secret" 1301:. Abcnews.go.com. December 17, 2008 1254:. December 31, 2008. Archived from 1005:Massachusetts Mutual Life Insurance 457:seized Madoff's several boats from 4090:Madoff: The Monster of Wall Street 3876:Complaint against J P Morgan Chase 3584:McCool, Grant (January 22, 2009). 3492:Revenue Ruling 2009–9, 2009–14 IRB 3285:. Fis.dowjones.com. April 20, 2009 3020:"Madoff Trustee Targets Fairfield" 2961:Alpert, Bill (February 23, 2009). 2481:Satchell, Arlene (April 1, 2009). 2372:Gearty, Robert (August 14, 2009). 845:Securities Investor Protection Act 694:'s funds in three other accounts. 14: 3871:Corporate AMEX bill, January 2009 3794:Vardi, Nathan (January 7, 2014). 3561:Jones, Ashby (February 9, 2009). 3519:. Bloomberg.com. February 9, 2009 3344:. Bloomberg.com. January 27, 2009 3076:McCoy, Kevin (January 29, 2009). 2778:"Bernard Madoff's hidden victims" 2284:"Madoff's Wife Cedes Asset Claim" 1930:Marzulli, John (March 23, 2009). 1658:MarketWatch (February 20, 2009). 1636:. Bloomberg.com. February 5, 2009 1320:Scheer, David (January 2, 2009). 1065:Access International Advisors LLC 500:sold for $ 950,000. A black 1999 195:tickets were sold for $ 7,500 on 3888:Complaint against J. Ezra Merkin 2204:. WallStNation.com. May 18, 2009 1725:Efrati, Amir (October 3, 2002). 1704:"New Signs Madoff's Family Knew" 1025:Friehling & Horowitz wasn't 936:(Manhattan) Kingate Management, 584:Jeffry Picower; widow and estate 3882:Complaint against Stanley Chais 3775:. Bloomberg.com. March 19, 2009 3391:Varchaver (December 19, 2008). 2999:Giles, Warren (June 18, 2009). 2869:"Widow to Return $ 7.2 Billion" 2086:Kouwe, Zachery (May 12, 2009). 2048:Rappaport, Liz (May 20, 2009). 1847:. Bloomberg.com. March 27, 2009 1435:. Bloomberg.com. March 17, 2009 1346:Doran, James (March 15, 2009). 569:that eventually took his life. 530:Stanley Chais; widow and estate 335:On April 17, 2009, Picard sued 202:On March 31, 2009, the town of 157:P.J. Clarke's on the Hudson LLC 3450:Doran, James (June 15, 2009). 3151:Kouwe, Zachery (May 6, 2009). 2422:. Money.cnn.com. April 1, 2009 1771:Coolidge (December 12, 2008). 1538:. Bloomberg.com. June 27, 2009 1457:. Bloomberg.com. March 2, 2009 1097:deferred prosecution agreement 1045:Luxembourg settlement with UBS 1022:Serious Organised Crime Agency 455:United States Marshals Service 61:Individual Retirement Accounts 39:held new investments into his 1: 3473:Frank, Robert (May 9, 2009). 3417:. NBC News. February 20, 2009 2919:. ProPublica. June 23, 2009. 2680:Standora, Leo (May 2, 2009). 2223:Jones, Ashby (May 19, 2009). 2067:Efrati, Amir (May 13, 2009). 1821:Bray, Chad (March 17, 2009). 1702:Dodds, Allan (May 11, 2009). 1502:. Newsday.com. March 31, 2009 934:Southern District of New York 592:, his wife, Barbara, and the 413:Southern District of New York 387:On May 18, 2009, Picard sued 253:, and lawyers from his firm, 3322:Efrati, Amir (May 6, 2009). 3195:Efrati, Amir (May 6, 2009). 3119:"Filing By Irving H. Picard" 2798:. Newsday.com. July 31, 2009 2320:Sara Polsky (May 13, 2010). 2137:. Scribd.com. March 12, 2009 989:New York State Supreme Court 492:from Maverick Boat Company, 308:sued Gibraltar-based Banque 2400:. NBC News. January 4, 2009 2344:"Madoff pad's dreamy views" 1934:. New York: Nydailynews.com 1480:. New York: Nydailynews.com 688:The Bank of New York Mellon 427:sued her for $ 45 million. 347:. The complaint also named 4148: 1748:Szep (December 17, 2008). 960:in 1986. Chemical bought 4132:Madoff investment scandal 3943:Madoff investment scandal 3363:Kim (December 15, 2008). 2661:. Scribd.com. May 2, 2009 982:Fairfield Greenwich Group 926:Fairfield Greenwich Group 920:About 120 Madoff-related 673:Value of recovered assets 664:Fairfield Greenwich Group 547:Beverly Hills, California 389:Fairfield Greenwich Group 220:Fairfield Greenwich Group 147:, whose partners include 3830:January 8, 2014, at the 3452:"Madoff Victims In Suit" 1560:. Reuters. June 27, 2009 166:On March 2, 2009, Judge 31:received funds from the 23:has been underway since 3753:Reuters. March 17, 2009 3730:The Wall Street Journal 3687:March 23, 2012, at the 3479:The Wall Street Journal 3370:The Wall Street Journal 3328:The Wall Street Journal 2444:. www.palmbeachpost.com 2248:The Wall Street Journal 2229:The Wall Street Journal 1686:March 17, 2009, at the 1372:Reuters. March 13, 2009 1285:March 16, 2009, at the 1029:or registered with the 997:Bank of New York Mellon 928:, (Case No: 09-118) in 907:SEC v. Madoff, 08-10791 622:Columbia Medical School 606:New York Public Library 337:Kingate Management Ltd. 189:New York Stock Exchange 991:added accounting firm 829:United States Congress 614:Harvard Medical School 453:On April 1, 2009, the 345:British Virgin Islands 318:British Virgin Islands 290:Seizures and clawbacks 241:Irving Picard, Trustee 163:-based Viager II LLC. 2694:on September 5, 2012. 1324:. Business.smh.com.au 995:, JPMorgan Chase and 819:U.S. Bankruptcy Court 745:Sale to Castor Pollux 680:Department of Justice 409:U.S. Bankruptcy Court 404:U.S. Bankruptcy Court 283:fraudulent conveyance 249:for the Madoff Case, 54:Department of Justice 2639:on November 23, 2010 2608:on November 13, 2010 2470:. November 18, 2009. 1785:on December 16, 2008 1112:criminal information 440:Vornado Realty Trust 245:The court-appointed 89:Fidelity Investments 4097:No One Would Listen 3240:on January 23, 2009 3201:Wall Street Journal 3024:Wall Street Journal 2986:Wall Street Journal 2948:Wall Street Journal 2763:New York Daily News 2687:New York Daily News 2583:Wall Street Journal 2565:Wall Street Journal 2379:New York Daily News 2288:Wall Street Journal 2073:Wall Street Journal 2054:Wall Street Journal 1982:on January 23, 2009 1706:. Thedailybeast.com 977:Palm Beach, Florida 952:JPMorgan Chase Bank 930:U.S. District Court 879:itemized deductions 797:On April 17, 2009, 776:personal bankruptcy 626:Palm Beach, Florida 551:limited partnership 475:Palm Beach, Florida 255:Baker Hostetler LLP 177:Palm Beach, Florida 161:Boca Raton, Florida 153:Hoboken, New Jersey 4109:The Wizard of Lies 3974:David G. Friehling 3850:The New York Times 3815:BBC 7 January 2014 3665:The New York Times 3220:The New York Times 3157:The New York Times 2824:. October 26, 2009 2747:November 18, 2016. 2537:. Business Insider 2512:The New York Times 2485:. Sun-sentinel.com 2180:The New York Times 2162:The New York Times 2092:The New York Times 2035:The New York Times 2009:The New York Times 2005:"Madoff Complaint" 1894:The New York Times 1397:The New York Times 1176:. December 4, 2015 1052:Treasury Minister 1003:Acquisition Corp, 883:net operating loss 784:breach of contract 640:Banco Santander SA 602:Human Rights First 594:Picower Foundation 304:On April 9, 2009, 235:Cabbage Patch Kids 233:, marketer of the 4119: 4118: 4031:Recovery of funds 3462:on June 18, 2009. 2711:Los Angeles Times 1611:. January 9, 2009 1261:on March 17, 2009 1174:BloombergBusiness 1073:Ernst & Young 893:Civil proceedings 754:Lease termination 732:Business expenses 608:. It also funded 436:Montauk, New York 396:Cohmad Securities 212:restraining order 145:Sterling Equities 99:. No offshore or 4139: 4102:Harry Markopolos 4067:Imagining Madoff 3936: 3929: 3922: 3913: 3878:(April 23, 2009) 3854: 3841: 3835: 3822: 3816: 3810: 3804: 3803: 3791: 3785: 3784: 3782: 3780: 3769: 3763: 3762: 3760: 3758: 3747: 3741: 3740: 3738: 3736: 3727: 3719: 3713: 3712: 3710: 3708: 3697: 3691: 3682: 3676: 3675: 3673: 3671: 3656: 3650: 3649: 3647: 3645: 3629: 3623: 3622: 3620: 3618: 3600: 3594: 3593: 3581: 3575: 3574: 3572: 3570: 3558: 3552: 3551: 3549: 3547: 3535: 3529: 3528: 3526: 3524: 3513: 3507: 3501: 3495: 3489: 3483: 3482: 3470: 3464: 3463: 3458:. Archived from 3447: 3441: 3440: 3433: 3427: 3426: 3424: 3422: 3411: 3405: 3404: 3402: 3400: 3388: 3382: 3381: 3379: 3377: 3360: 3354: 3353: 3351: 3349: 3338: 3332: 3331: 3319: 3313: 3312: 3301: 3295: 3294: 3292: 3290: 3279: 3273: 3272: 3270: 3268: 3263:. Online.wsj.com 3256: 3250: 3249: 3247: 3245: 3230: 3224: 3223: 3211: 3205: 3204: 3192: 3186: 3185: 3174: 3168: 3167: 3165: 3163: 3148: 3142: 3137: 3131: 3130: 3128: 3126: 3115: 3109: 3108: 3096: 3090: 3089: 3087: 3085: 3073: 3067: 3066: 3065:. July 10, 2009. 3055: 3049: 3048: 3037: 3028: 3027: 3015: 3009: 3008: 2996: 2990: 2989: 2977: 2971: 2970: 2958: 2952: 2951: 2939: 2933: 2932: 2930: 2928: 2913: 2907: 2902: 2896: 2891: 2885: 2880: 2871: 2866: 2860: 2859: 2857: 2855: 2840: 2834: 2833: 2831: 2829: 2814: 2808: 2807: 2805: 2803: 2792: 2786: 2785: 2773: 2767: 2766: 2754: 2748: 2742: 2736: 2730: 2719: 2718: 2702: 2696: 2695: 2690:. Archived from 2677: 2671: 2670: 2668: 2666: 2655: 2649: 2648: 2646: 2644: 2635:. Archived from 2624: 2618: 2617: 2615: 2613: 2604:. Archived from 2593: 2587: 2586: 2578: 2569: 2568: 2556: 2547: 2546: 2544: 2542: 2530: 2524: 2523: 2521: 2519: 2504: 2495: 2494: 2492: 2490: 2478: 2472: 2471: 2460: 2454: 2453: 2451: 2449: 2438: 2432: 2431: 2429: 2427: 2416: 2410: 2409: 2407: 2405: 2394: 2388: 2387: 2369: 2363: 2358: 2352: 2351: 2350:. April 7, 2010. 2340: 2334: 2333: 2331: 2329: 2317: 2311: 2310: 2298: 2292: 2291: 2279: 2270: 2269: 2268:. June 22, 2009. 2258: 2252: 2251: 2239: 2233: 2232: 2220: 2214: 2213: 2211: 2209: 2198: 2192: 2191: 2189: 2187: 2172: 2166: 2165: 2153: 2147: 2146: 2144: 2142: 2131: 2125: 2124: 2122: 2120: 2109: 2103: 2102: 2100: 2098: 2083: 2077: 2076: 2064: 2058: 2057: 2045: 2039: 2038: 2026: 2020: 2019: 2017: 2015: 2001: 1992: 1991: 1989: 1987: 1972: 1966: 1965: 1963: 1961: 1950: 1944: 1943: 1941: 1939: 1927: 1921: 1920: 1918: 1916: 1904: 1898: 1897: 1885: 1879: 1878: 1876: 1874: 1863: 1857: 1856: 1854: 1852: 1841: 1835: 1834: 1832: 1830: 1825:. Online.wsj.com 1818: 1812: 1811: 1804: 1795: 1794: 1792: 1790: 1781:. Archived from 1768: 1762: 1761: 1759: 1757: 1745: 1739: 1738: 1736: 1734: 1729:. Online.wsj.com 1722: 1716: 1715: 1713: 1711: 1699: 1690: 1678: 1672: 1671: 1669: 1667: 1655: 1646: 1645: 1643: 1641: 1630: 1621: 1620: 1618: 1616: 1601: 1592: 1591: 1589: 1587: 1576: 1570: 1569: 1567: 1565: 1554: 1548: 1547: 1545: 1543: 1532: 1526: 1525: 1518: 1512: 1511: 1509: 1507: 1496: 1490: 1489: 1487: 1485: 1473: 1467: 1466: 1464: 1462: 1451: 1445: 1444: 1442: 1440: 1429: 1423: 1422: 1420: 1418: 1407: 1401: 1400: 1388: 1382: 1381: 1379: 1377: 1366: 1360: 1359: 1357: 1355: 1343: 1334: 1333: 1331: 1329: 1317: 1311: 1310: 1308: 1306: 1295: 1289: 1277: 1271: 1270: 1268: 1266: 1260: 1247: 1243:"Madoff Finance" 1239: 1233: 1232: 1230: 1228: 1217: 1211: 1210: 1208: 1206: 1192: 1186: 1185: 1183: 1181: 1166: 1160: 1159: 1157: 1155: 1149: 1140: 1108:Bank Secrecy Act 1035:money laundering 999:Also named was 859:Hardship program 721:Bank of New York 519:Daniel Bonventre 375:Attorney General 351:Ltd., a unit of 269:Claim procedures 263:Lawrence McKenna 183:Holdings LLC, a 175:, New York, and 168:Louis L. Stanton 45:opportunity cost 33:Bank of New York 4147: 4146: 4142: 4141: 4140: 4138: 4137: 4136: 4122: 4121: 4120: 4115: 4074:In God We Trust 4047: 4019: 3988: 3969:Frank DiPascali 3945: 3940: 3908:(June 22, 2009) 3862: 3857: 3842: 3838: 3832:Wayback Machine 3823: 3819: 3811: 3807: 3793: 3792: 3788: 3778: 3776: 3771: 3770: 3766: 3756: 3754: 3749: 3748: 3744: 3734: 3732: 3725: 3721: 3720: 3716: 3706: 3704: 3699: 3698: 3694: 3689:Wayback Machine 3683: 3679: 3669: 3667: 3658: 3657: 3653: 3643: 3641: 3631: 3630: 3626: 3616: 3614: 3602: 3601: 3597: 3583: 3582: 3578: 3568: 3566: 3565:. Blogs.wsj.com 3560: 3559: 3555: 3545: 3543: 3542:. Money.cnn.com 3537: 3536: 3532: 3522: 3520: 3515: 3514: 3510: 3502: 3498: 3490: 3486: 3472: 3471: 3467: 3449: 3448: 3444: 3435: 3434: 3430: 3420: 3418: 3413: 3412: 3408: 3398: 3396: 3390: 3389: 3385: 3375: 3373: 3362: 3361: 3357: 3347: 3345: 3340: 3339: 3335: 3321: 3320: 3316: 3311:. June 9, 2009. 3303: 3302: 3298: 3288: 3286: 3281: 3280: 3276: 3266: 3264: 3258: 3257: 3253: 3243: 3241: 3232: 3231: 3227: 3213: 3212: 3208: 3194: 3193: 3189: 3184:. May 15, 2009. 3176: 3175: 3171: 3161: 3159: 3150: 3149: 3145: 3138: 3134: 3124: 3122: 3117: 3116: 3112: 3098: 3097: 3093: 3083: 3081: 3075: 3074: 3070: 3057: 3056: 3052: 3039: 3038: 3031: 3017: 3016: 3012: 2998: 2997: 2993: 2979: 2978: 2974: 2960: 2959: 2955: 2941: 2940: 2936: 2926: 2924: 2915: 2914: 2910: 2903: 2899: 2892: 2888: 2881: 2874: 2867: 2863: 2853: 2851: 2842: 2841: 2837: 2827: 2825: 2816: 2815: 2811: 2801: 2799: 2794: 2793: 2789: 2775: 2774: 2770: 2756: 2755: 2751: 2743: 2739: 2731: 2722: 2704: 2703: 2699: 2679: 2678: 2674: 2664: 2662: 2657: 2656: 2652: 2642: 2640: 2626: 2625: 2621: 2611: 2609: 2595: 2594: 2590: 2580: 2579: 2572: 2558: 2557: 2550: 2540: 2538: 2532: 2531: 2527: 2517: 2515: 2506: 2505: 2498: 2488: 2486: 2480: 2479: 2475: 2462: 2461: 2457: 2447: 2445: 2440: 2439: 2435: 2425: 2423: 2418: 2417: 2413: 2403: 2401: 2396: 2395: 2391: 2371: 2370: 2366: 2359: 2355: 2342: 2341: 2337: 2327: 2325: 2324:. Ny.curbed.com 2319: 2318: 2314: 2300: 2299: 2295: 2281: 2280: 2273: 2260: 2259: 2255: 2241: 2240: 2236: 2222: 2221: 2217: 2207: 2205: 2200: 2199: 2195: 2185: 2183: 2174: 2173: 2169: 2155: 2154: 2150: 2140: 2138: 2133: 2132: 2128: 2118: 2116: 2111: 2110: 2106: 2096: 2094: 2085: 2084: 2080: 2066: 2065: 2061: 2047: 2046: 2042: 2028: 2027: 2023: 2013: 2011: 2003: 2002: 1995: 1985: 1983: 1974: 1973: 1969: 1959: 1957: 1952: 1951: 1947: 1937: 1935: 1929: 1928: 1924: 1914: 1912: 1911:. Money.cnn.com 1906: 1905: 1901: 1887: 1886: 1882: 1872: 1870: 1865: 1864: 1860: 1850: 1848: 1843: 1842: 1838: 1828: 1826: 1820: 1819: 1815: 1806: 1805: 1798: 1788: 1786: 1770: 1769: 1765: 1755: 1753: 1747: 1746: 1742: 1732: 1730: 1724: 1723: 1719: 1709: 1707: 1701: 1700: 1693: 1688:Wayback Machine 1679: 1675: 1665: 1663: 1657: 1656: 1649: 1639: 1637: 1632: 1631: 1624: 1614: 1612: 1603: 1602: 1595: 1585: 1583: 1578: 1577: 1573: 1563: 1561: 1556: 1555: 1551: 1541: 1539: 1534: 1533: 1529: 1520: 1519: 1515: 1505: 1503: 1498: 1497: 1493: 1483: 1481: 1475: 1474: 1470: 1460: 1458: 1453: 1452: 1448: 1438: 1436: 1431: 1430: 1426: 1416: 1414: 1409: 1408: 1404: 1390: 1389: 1385: 1375: 1373: 1368: 1367: 1363: 1353: 1351: 1345: 1344: 1337: 1327: 1325: 1319: 1318: 1314: 1304: 1302: 1297: 1296: 1292: 1287:Wayback Machine 1278: 1274: 1264: 1262: 1258: 1245: 1241: 1240: 1236: 1226: 1224: 1219: 1218: 1214: 1204: 1202: 1194: 1193: 1189: 1179: 1177: 1168: 1167: 1163: 1153: 1151: 1147: 1142: 1141: 1137: 1133: 1121: 1092: 1047: 962:Chase Manhattan 954: 946:contingency fee 895: 870: 861: 807: 768: 756: 747: 734: 729: 692:JP Morgan Chase 675: 666: 649:Banco Santander 642: 586: 540:Picard v. Chais 532: 498:Frank DiPascali 349:Bank of Bermuda 292: 271: 243: 136:municipal bonds 124:Upper East Side 109: 107:Combined assets 81:Lehman Brothers 17: 12: 11: 5: 4145: 4143: 4135: 4134: 4124: 4123: 4117: 4116: 4114: 4113: 4105: 4093: 4086: 4078: 4070: 4063: 4060:Chasing Madoff 4055: 4053: 4049: 4048: 4046: 4045: 4038: 4027: 4025: 4021: 4020: 4018: 4017: 4012: 4007: 4002: 3996: 3994: 3990: 3989: 3987: 3986: 3981: 3979:Jeffry Picower 3976: 3971: 3966: 3961: 3955: 3953: 3947: 3946: 3941: 3939: 3938: 3931: 3924: 3916: 3910: 3909: 3903: 3902:(May 18, 2009) 3897: 3896:(May 12, 2009) 3891: 3885: 3879: 3873: 3868: 3861: 3860:External links 3858: 3856: 3855: 3836: 3834:in Madoff case 3817: 3805: 3786: 3764: 3742: 3714: 3692: 3677: 3651: 3638:New York Times 3624: 3595: 3576: 3553: 3530: 3508: 3496: 3484: 3465: 3442: 3428: 3406: 3383: 3355: 3333: 3314: 3296: 3274: 3251: 3225: 3206: 3187: 3169: 3143: 3132: 3110: 3091: 3080:. Usatoday.Com 3068: 3050: 3029: 3010: 2991: 2972: 2953: 2934: 2908: 2897: 2886: 2872: 2861: 2849:New York Times 2835: 2809: 2787: 2768: 2749: 2737: 2720: 2697: 2672: 2650: 2619: 2588: 2570: 2548: 2525: 2514:. July 3, 2009 2496: 2473: 2455: 2433: 2411: 2389: 2364: 2353: 2335: 2312: 2293: 2271: 2253: 2234: 2215: 2193: 2182:. May 18, 2009 2167: 2148: 2126: 2104: 2078: 2059: 2040: 2021: 1993: 1967: 1945: 1922: 1899: 1880: 1858: 1836: 1813: 1796: 1763: 1740: 1717: 1691: 1673: 1647: 1622: 1593: 1571: 1549: 1527: 1513: 1491: 1468: 1446: 1424: 1402: 1383: 1361: 1335: 1312: 1290: 1272: 1234: 1212: 1187: 1161: 1134: 1132: 1129: 1128: 1127: 1120: 1117: 1091: 1088: 1069:custodian bank 1046: 1043: 970:JPMorgan Chase 953: 950: 942:J. Ezra Merkin 894: 891: 869: 866: 860: 857: 835:, and another 806: 803: 767: 764: 755: 752: 746: 743: 733: 730: 728: 725: 674: 671: 665: 662: 641: 638: 590:Jeffry Picower 585: 582: 567:blood disorder 531: 528: 490:center console 364:Ascot Partners 360:J. Ezra Merkin 341:Kingate Global 326:French Riviera 291: 288: 270: 267: 242: 239: 231:Alfred R. Kahn 132:French Riviera 108: 105: 85:Morgan Stanley 37:Bernard Madoff 35:account where 15: 13: 10: 9: 6: 4: 3: 2: 4144: 4133: 4130: 4129: 4127: 4112: 4110: 4106: 4103: 4099: 4098: 4094: 4092: 4091: 4087: 4085: 4083: 4079: 4077: 4075: 4071: 4069: 4068: 4064: 4062: 4061: 4057: 4056: 4054: 4050: 4044: 4043: 4039: 4036: 4035:Irving Picard 4032: 4029: 4028: 4026: 4022: 4016: 4013: 4011: 4008: 4006: 4005:Andrew Madoff 4003: 4001: 3998: 3997: 3995: 3993:Madoff family 3991: 3985: 3982: 3980: 3977: 3975: 3972: 3970: 3967: 3965: 3964:Stanley Chais 3962: 3960: 3959:Bernie Madoff 3957: 3956: 3954: 3952: 3948: 3944: 3937: 3932: 3930: 3925: 3923: 3918: 3917: 3914: 3907: 3904: 3901: 3898: 3895: 3892: 3890:(May 7, 2009) 3889: 3886: 3884:(May 1, 2009) 3883: 3880: 3877: 3874: 3872: 3869: 3867: 3864: 3863: 3859: 3853:, 2013-10-23. 3852: 3851: 3846: 3840: 3837: 3833: 3829: 3826: 3821: 3818: 3814: 3809: 3806: 3801: 3797: 3790: 3787: 3774: 3768: 3765: 3752: 3746: 3743: 3731: 3724: 3718: 3715: 3702: 3696: 3693: 3690: 3686: 3681: 3678: 3666: 3662: 3655: 3652: 3640: 3639: 3634: 3628: 3625: 3612: 3611: 3606: 3599: 3596: 3591: 3587: 3580: 3577: 3564: 3557: 3554: 3541: 3534: 3531: 3518: 3512: 3509: 3505: 3500: 3497: 3493: 3488: 3485: 3480: 3476: 3469: 3466: 3461: 3457: 3456:New York Post 3453: 3446: 3443: 3438: 3432: 3429: 3416: 3410: 3407: 3394: 3387: 3384: 3372: 3371: 3366: 3359: 3356: 3343: 3337: 3334: 3329: 3325: 3318: 3315: 3310: 3306: 3300: 3297: 3284: 3278: 3275: 3262: 3255: 3252: 3239: 3235: 3229: 3226: 3221: 3217: 3210: 3207: 3202: 3198: 3191: 3188: 3183: 3179: 3173: 3170: 3158: 3154: 3147: 3144: 3141: 3136: 3133: 3120: 3114: 3111: 3106: 3102: 3095: 3092: 3079: 3072: 3069: 3064: 3060: 3054: 3051: 3046: 3042: 3036: 3034: 3030: 3026:. p. C1. 3025: 3021: 3014: 3011: 3006: 3002: 2995: 2992: 2987: 2983: 2976: 2973: 2968: 2964: 2957: 2954: 2949: 2945: 2938: 2935: 2922: 2918: 2912: 2909: 2906: 2901: 2898: 2895: 2890: 2887: 2884: 2879: 2877: 2873: 2870: 2865: 2862: 2850: 2846: 2839: 2836: 2823: 2819: 2813: 2810: 2797: 2791: 2788: 2783: 2779: 2772: 2769: 2764: 2760: 2753: 2750: 2746: 2741: 2738: 2734: 2729: 2727: 2725: 2721: 2716: 2712: 2708: 2701: 2698: 2693: 2689: 2688: 2683: 2676: 2673: 2660: 2654: 2651: 2638: 2634: 2630: 2623: 2620: 2607: 2603: 2599: 2592: 2589: 2585:. p. C1. 2584: 2577: 2575: 2571: 2566: 2562: 2555: 2553: 2549: 2536: 2529: 2526: 2513: 2509: 2503: 2501: 2497: 2484: 2477: 2474: 2469: 2465: 2459: 2456: 2443: 2437: 2434: 2421: 2415: 2412: 2399: 2393: 2390: 2385: 2381: 2380: 2375: 2368: 2365: 2362: 2357: 2354: 2349: 2348:New York Post 2345: 2339: 2336: 2323: 2316: 2313: 2308: 2304: 2297: 2294: 2289: 2285: 2278: 2276: 2272: 2267: 2263: 2257: 2254: 2249: 2245: 2238: 2235: 2230: 2226: 2219: 2216: 2203: 2197: 2194: 2181: 2177: 2171: 2168: 2163: 2159: 2152: 2149: 2136: 2130: 2127: 2114: 2108: 2105: 2093: 2089: 2082: 2079: 2074: 2070: 2063: 2060: 2055: 2051: 2044: 2041: 2036: 2032: 2025: 2022: 2010: 2006: 2000: 1998: 1994: 1981: 1977: 1971: 1968: 1955: 1949: 1946: 1933: 1926: 1923: 1910: 1903: 1900: 1895: 1891: 1884: 1881: 1868: 1862: 1859: 1846: 1840: 1837: 1824: 1817: 1814: 1809: 1803: 1801: 1797: 1784: 1780: 1779: 1774: 1767: 1764: 1751: 1744: 1741: 1728: 1721: 1718: 1705: 1698: 1696: 1692: 1689: 1685: 1682: 1677: 1674: 1662:. MarketWatch 1661: 1654: 1652: 1648: 1635: 1629: 1627: 1623: 1610: 1606: 1600: 1598: 1594: 1581: 1575: 1572: 1559: 1553: 1550: 1537: 1531: 1528: 1523: 1517: 1514: 1501: 1495: 1492: 1479: 1472: 1469: 1456: 1450: 1447: 1434: 1428: 1425: 1412: 1406: 1403: 1398: 1394: 1387: 1384: 1371: 1365: 1362: 1349: 1342: 1340: 1336: 1323: 1316: 1313: 1300: 1294: 1291: 1288: 1284: 1281: 1276: 1273: 1257: 1253: 1252: 1251:New York Post 1244: 1238: 1235: 1222: 1216: 1213: 1201: 1197: 1191: 1188: 1175: 1171: 1165: 1162: 1146: 1139: 1136: 1130: 1126: 1123: 1122: 1118: 1116: 1113: 1109: 1105: 1104:Preet Bharara 1102: 1098: 1089: 1087: 1085: 1084: 1078: 1074: 1070: 1066: 1061: 1059: 1055: 1051: 1044: 1042: 1040: 1036: 1032: 1028: 1027:peer reviewed 1023: 1017: 1015: 1010: 1009:Tremont Group 1006: 1002: 998: 994: 990: 985: 983: 978: 973: 971: 967: 963: 959: 958:Chemical Bank 951: 949: 947: 943: 939: 938:Tremont Group 935: 931: 927: 923: 922:class actions 918: 916: 912: 908: 904: 900: 892: 890: 886: 884: 880: 874: 867: 865: 858: 856: 852: 848: 846: 841: 838: 834: 833:U.S. Treasury 830: 825: 822: 820: 816: 812: 804: 802: 800: 795: 793: 789: 785: 779: 777: 773: 772:Louis Stanton 765: 763: 761: 753: 751: 744: 742: 740: 731: 726: 724: 722: 717: 715: 711: 707: 702: 700: 695: 693: 689: 683: 681: 672: 670: 663: 661: 659: 658:Latin America 653: 650: 646: 639: 637: 635: 634:Preet Bharara 629: 627: 623: 619: 615: 611: 607: 603: 599: 595: 591: 583: 581: 579: 575: 570: 568: 564: 560: 557: 552: 548: 543: 541: 537: 536:Stanley Chais 529: 527: 524: 520: 514: 511: 509: 506: 503: 502:Mercedes-Benz 499: 495: 491: 487: 483: 478: 476: 472: 468: 464: 460: 456: 451: 449: 445: 441: 437: 433: 428: 426: 425:Irving Picard 422: 416: 415:(Manhattan). 414: 410: 405: 401: 397: 392: 390: 385: 381: 379: 376: 373: 369: 365: 361: 356: 354: 353:HSBC Holdings 350: 346: 342: 338: 333: 331: 330:Cap d'Antibes 327: 322: 319: 315: 311: 307: 306:Irving Picard 302: 300: 295: 289: 287: 284: 278: 274: 268: 266: 264: 260: 256: 252: 251:Irving Picard 248: 240: 238: 236: 232: 227: 223: 221: 217: 213: 209: 205: 200: 198: 194: 193:New York Mets 190: 186: 185:joint venture 182: 178: 174: 169: 164: 162: 158: 154: 150: 146: 140: 137: 133: 129: 128:Cap d'Antibes 125: 121: 117: 113: 106: 104: 102: 98: 94: 90: 86: 82: 78: 74: 70: 66: 62: 57: 55: 51: 46: 42: 38: 34: 30: 29:Irving Picard 26: 22: 4108: 4095: 4088: 4084:(miniseries) 4081: 4073: 4065: 4058: 4040: 4030: 4015:Eric Swanson 3951:Participants 3848: 3839: 3820: 3808: 3799: 3789: 3777:. Retrieved 3767: 3755:. Retrieved 3745: 3735:November 27, 3733:. Retrieved 3729: 3717: 3707:November 27, 3705:. Retrieved 3695: 3680: 3668:. Retrieved 3664: 3654: 3642:. Retrieved 3636: 3627: 3615:. Retrieved 3608: 3598: 3589: 3579: 3567:. Retrieved 3556: 3544:. Retrieved 3533: 3521:. Retrieved 3511: 3499: 3487: 3478: 3468: 3460:the original 3455: 3445: 3431: 3419:. Retrieved 3409: 3399:December 19, 3397:. Retrieved 3386: 3376:December 19, 3374:. Retrieved 3368: 3358: 3346:. Retrieved 3336: 3327: 3317: 3308: 3299: 3287:. Retrieved 3277: 3265:. Retrieved 3254: 3242:. Retrieved 3238:the original 3228: 3219: 3209: 3200: 3190: 3181: 3172: 3160:. Retrieved 3156: 3146: 3135: 3125:November 27, 3123:. Retrieved 3121:. Scribd.com 3113: 3104: 3094: 3082:. Retrieved 3071: 3062: 3053: 3044: 3023: 3013: 3004: 2994: 2985: 2975: 2966: 2956: 2947: 2937: 2925:. Retrieved 2911: 2900: 2889: 2864: 2852:. Retrieved 2848: 2838: 2826:. Retrieved 2821: 2812: 2802:November 27, 2800:. Retrieved 2790: 2781: 2771: 2762: 2752: 2740: 2710: 2700: 2692:the original 2685: 2675: 2665:November 27, 2663:. Retrieved 2653: 2643:November 19, 2641:. Retrieved 2637:the original 2633:Businessweek 2632: 2622: 2612:November 29, 2610:. Retrieved 2606:the original 2602:Businessweek 2601: 2591: 2582: 2564: 2541:November 27, 2539:. Retrieved 2528: 2516:. Retrieved 2511: 2487:. Retrieved 2476: 2467: 2458: 2448:November 27, 2446:. Retrieved 2436: 2424:. Retrieved 2414: 2404:November 27, 2402:. Retrieved 2392: 2377: 2367: 2356: 2347: 2338: 2328:November 27, 2326:. Retrieved 2315: 2306: 2296: 2287: 2265: 2256: 2247: 2237: 2228: 2218: 2208:November 27, 2206:. Retrieved 2196: 2184:. Retrieved 2179: 2170: 2161: 2151: 2141:November 27, 2139:. Retrieved 2129: 2119:November 27, 2117:. Retrieved 2115:. Scribd.com 2107: 2095:. Retrieved 2091: 2081: 2072: 2062: 2053: 2043: 2034: 2024: 2012:. Retrieved 2008: 1984:. Retrieved 1980:the original 1970: 1958:. Retrieved 1948: 1936:. Retrieved 1925: 1913:. Retrieved 1902: 1893: 1883: 1871:. Retrieved 1861: 1849:. Retrieved 1839: 1827:. Retrieved 1816: 1789:December 17, 1787:. Retrieved 1783:the original 1776: 1766: 1756:December 17, 1754:. Retrieved 1743: 1731:. Retrieved 1720: 1710:November 27, 1708:. Retrieved 1676: 1664:. Retrieved 1638:. Retrieved 1613:. Retrieved 1584:. Retrieved 1574: 1562:. Retrieved 1552: 1540:. Retrieved 1530: 1516: 1504:. Retrieved 1494: 1482:. Retrieved 1471: 1459:. Retrieved 1449: 1437:. Retrieved 1427: 1415:. Retrieved 1405: 1396: 1386: 1374:. Retrieved 1364: 1352:. Retrieved 1350:. Nypost.com 1326:. Retrieved 1315: 1303:. Retrieved 1293: 1275: 1263:. Retrieved 1256:the original 1249: 1237: 1225:. Retrieved 1215: 1203:. Retrieved 1199: 1190: 1178:. Retrieved 1173: 1164: 1152:. Retrieved 1138: 1093: 1080: 1062: 1048: 1039:check kiting 1018: 1007:(MMLIC.UL), 986: 974: 955: 919: 906: 896: 887: 875: 871: 862: 853: 849: 842: 826: 823: 817:, 08-01789, 814: 808: 796: 780: 769: 757: 748: 739:Shana Madoff 735: 718: 703: 696: 684: 676: 667: 654: 643: 630: 620:research at 612:research at 587: 577: 571: 555: 544: 542:, 09-01172. 539: 533: 515: 512: 493: 486:Sitting Bull 485: 481: 479: 462: 452: 429: 417: 400:Robert Jaffe 393: 386: 382: 378:Andrew Cuomo 367: 357: 334: 323: 303: 296: 293: 279: 275: 272: 244: 228: 224: 201: 165: 141: 110: 97:M&T Bank 93:Bear Stearns 75:plan and no 58: 50:feeder funds 48:associates, 41:Ponzi scheme 20: 18: 4010:Mark Madoff 4000:Ruth Madoff 3283:"Web Blogs" 2927:February 9, 2309:. New York. 1615:January 29, 1524:. Wtnh.com. 1227:December 6, 1180:February 6, 1154:February 6, 1054:Luc Frieden 1001:Oppenheimer 915:civil fines 837:credit line 618:Parkinson's 508:convertible 494:Little Bull 310:Jacob Safra 208:Connecticut 149:Fred Wilpon 112:Ruth Madoff 71:, no other 25:the scandal 2307:Daily News 1609:SmartMoney 1265:August 21, 1131:References 1050:Luxembourg 899:civil suit 799:Denny Chin 788:conversion 706:Land Rover 604:, and the 444:Palm Beach 101:Swiss bank 69:Keogh plan 3984:Investors 3779:April 26, 3757:April 26, 3703:. YouTube 3701:"YouTube" 3644:April 26, 3617:March 10, 3613:. CNN.com 3569:April 26, 3546:April 26, 3523:April 26, 3421:April 26, 3348:April 26, 3289:April 26, 3267:April 26, 3244:April 26, 3182:Bloomberg 3084:April 26, 3063:Bloomberg 3045:Economist 3005:Bloomberg 2489:April 26, 2468:Bloomberg 2426:April 26, 2266:Bloomberg 1986:April 26, 1960:April 26, 1938:April 26, 1915:April 26, 1873:April 26, 1851:April 26, 1829:April 26, 1752:. Reuters 1733:April 26, 1666:April 26, 1640:April 26, 1586:April 26, 1506:April 26, 1484:April 26, 1461:April 26, 1439:April 26, 1417:April 26, 1376:April 26, 1354:April 26, 1328:April 26, 1305:April 26, 1205:March 28, 699:guarantor 563:Manhattan 448:Manhattan 432:Labor Day 314:Manhattan 299:Gibraltar 259:Cleveland 216:Greenwich 204:Fairfield 120:Manhattan 116:penthouse 77:annuities 4126:Category 4024:Response 3828:Archived 3685:Archived 2967:Barron's 2921:Archived 2782:BBC News 2735:Reuters. 2715:Archived 2384:Archived 1684:Archived 1564:June 27, 1542:June 27, 1283:Archived 1119:See also 968:to form 966:JPMorgan 932:for the 710:Cadillac 610:diabetes 523:clawback 467:elevator 372:New York 3670:May 22, 3610:Fortune 3590:Reuters 3309:Reuters 3162:May 22, 3105:Newsday 2854:July 2, 2828:May 22, 2518:May 22, 2186:May 22, 2097:May 22, 2014:May 22, 905:, case 901:by the 708:, 2008 554:York. ( 505:CLK 320 459:marinas 247:trustee 173:Montauk 130:on the 73:pension 4111:(film) 4082:Madoff 4076:(film) 3800:Forbes 1778:Forbes 940:, and 790:, and 645:Geneva 636:said. 181:Primex 159:; and 95:, and 65:401(k) 4052:Media 3726:(PDF) 3395:. CNN 1259:(PDF) 1246:(PDF) 1148:(PDF) 868:Taxes 792:fraud 727:BLMIS 714:Lexus 67:, no 63:, no 3781:2009 3759:2009 3737:2013 3709:2013 3672:2010 3646:2009 3619:2009 3571:2009 3548:2009 3525:2009 3423:2009 3401:2008 3378:2008 3350:2009 3291:2009 3269:2009 3246:2009 3164:2010 3127:2013 3086:2009 2929:2013 2856:2009 2830:2010 2804:2013 2667:2013 2645:2010 2614:2010 2543:2013 2520:2010 2491:2009 2450:2013 2428:2009 2406:2013 2330:2013 2210:2013 2188:2010 2143:2013 2121:2013 2099:2010 2016:2010 1988:2009 1962:2009 1940:2009 1917:2009 1875:2009 1853:2009 1831:2009 1791:2008 1758:2008 1735:2009 1712:2013 1668:2009 1642:2009 1617:2009 1588:2011 1566:2009 1544:2009 1508:2009 1486:2009 1463:2009 1441:2009 1419:2009 1378:2009 1356:2009 1330:2009 1307:2009 1267:2023 1229:2022 1207:2023 1200:SIPC 1182:2016 1156:2016 1081:See: 1014:KPMG 993:KPMG 805:SIPC 616:and 482:Bull 471:teak 469:and 463:Bull 197:eBay 19:The 3847:. 2822:CNN 1058:UBS 1037:or 909:in 760:FBI 556:See 312:in 257:(a 122:'s 118:on 4128:: 3798:. 3728:. 3663:. 3635:. 3607:. 3588:. 3477:. 3454:. 3367:. 3326:. 3307:. 3218:. 3199:. 3180:. 3155:. 3103:. 3061:. 3043:. 3032:^ 3022:. 3003:. 2984:. 2965:. 2946:. 2875:^ 2847:. 2820:. 2780:. 2761:. 2723:^ 2713:. 2709:. 2684:. 2631:. 2600:. 2573:^ 2563:. 2551:^ 2510:. 2499:^ 2466:. 2382:. 2376:. 2346:. 2305:. 2286:. 2274:^ 2264:. 2246:. 2227:. 2178:. 2160:. 2090:. 2071:. 2052:. 2033:. 2007:. 1996:^ 1892:. 1799:^ 1775:. 1694:^ 1650:^ 1625:^ 1607:. 1596:^ 1395:. 1338:^ 1248:. 1198:. 1172:. 1086:) 1071:, 794:. 786:, 716:. 600:, 477:. 411:, 206:, 199:. 91:, 87:, 83:, 4104:) 4100:( 4037:) 4033:( 3935:e 3928:t 3921:v 3802:. 3783:. 3761:. 3739:. 3711:. 3674:. 3648:. 3621:. 3592:. 3573:. 3550:. 3527:. 3506:. 3494:. 3481:. 3425:. 3403:. 3380:. 3352:. 3330:. 3293:. 3271:. 3248:. 3222:. 3203:. 3166:. 3129:. 3107:. 3088:. 3047:. 3007:. 2988:. 2969:. 2950:. 2931:. 2858:. 2832:. 2806:. 2784:. 2765:. 2669:. 2647:. 2616:. 2567:. 2545:. 2522:. 2493:. 2452:. 2430:. 2408:. 2332:. 2290:. 2250:. 2231:. 2212:. 2190:. 2164:. 2145:. 2123:. 2101:. 2075:. 2056:. 2037:. 2018:. 1990:. 1964:. 1942:. 1919:. 1896:. 1877:. 1855:. 1833:. 1793:. 1760:. 1737:. 1714:. 1670:. 1644:. 1619:. 1590:. 1568:. 1546:. 1510:. 1488:. 1465:. 1443:. 1421:. 1399:. 1380:. 1358:. 1332:. 1309:. 1269:. 1231:. 1209:. 1184:. 1158:.

Index

the scandal
Irving Picard
Bank of New York
Bernard Madoff
Ponzi scheme
opportunity cost
feeder funds
Department of Justice
Individual Retirement Accounts
401(k)
Keogh plan
pension
annuities
Lehman Brothers
Morgan Stanley
Fidelity Investments
Bear Stearns
M&T Bank
Swiss bank
Ruth Madoff
penthouse
Manhattan
Upper East Side
Cap d'Antibes
French Riviera
municipal bonds
Sterling Equities
Fred Wilpon
Hoboken, New Jersey
P.J. Clarke's on the Hudson LLC

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑