(JTA) — Bernie Madoff has asked President Trump to commute his sentence. Madoff, 81, filled a request with the Justice Department between one and three months ago, The Hill reported. The Justice Department’s website lists the request as “pending,” and says it is updated to July 1. The request is for clemency, not a pardon….
The longtime secretary of convicted financial schemer Bernard Madoff should be released early from prison, as her age qualifies her to benefit from the newly-passed prison reform law, her lawyer told the New York Daily News. Annette Bongiorno should be released by March, after serving four years of her six-year prison sentence, according to her…
The law firm responsible for recovering the money lost in Bernard Madoff’s Ponzi scheme has been paid just over $1 billion in legal fees for their work on the case, according to The American Lawyer. The billion-dollar payout for the Ohio-based BakerHoestetler came over the course of nearly a decade, as the firm has recovered…
(JTA) — The Madoff Victim Fund began distributing $504 million in funds to victims of Bernard Madoff’s Ponzi scheme. The funds, whose distribution began on Thursday, will be sent to over 21,000 Madoff victims around the world, according to a statement by the Justice Department. The distribution is the second in a series of payments that…
(JTA) — The U.S. Department of Justice began distributing $772.5 million in recovered funds to some 24,000 victims of Bernie Madoff’s Ponzi scheme. The sum, which is being returned eight years after the former stockbroker and investment adviser pleaded guilty to committing one of the largest fraud schemes in U.S. history, is the largest restoration…
The trustee recouping money for Bernard Madoff’s victims has reached more than $23 million of settlements with the estates of the swindler’s late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of “all assets, cash,…
Nine years ago, Mom and Dad lost their whole life savings to Bernard Madoff’s Ponzi scheme. They never knew it, though. The good years of their lives were over before the bad year happened. Dad was a retired gastroenterologist in the thick of his dementia when Madoff was arrested, so he never took in that…
There is a major surprise in “The Wizard of Lies, Barry Levinson’s film about the Bernie Madoff scandal, which premieres on May 20 on HBO and is based on the reporting of Diana B. Henriques: It’s possible to feel a modicum of sympathy for a despicable human being. The film stars Robert DeNiro as Bernie…
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