More than $2.48 billion in additional funds recovered from the Bernard Madoff Ponzi scheme have been sent to individuals and organizations bilked out of their investments. Checks ranging from $1,784 to $526 million were mailed Wednesday to 1,230 former customers of Bernard L. Madoff Investment Securities LLC, according to the Madoff Recovery Initiative. The average…
One of Bernard Madoff’s longest-serving employees is expected to plead guilty to criminal charges in the multibillion-dollar Ponzi scheme, U.S. prosecutors said, the latest among a dozen former employees to face charges. Irwin Lipkin, a former controller of Bernard L. Madoff Investment Securities LLC, will appear in Manhattan federal court on Th ursday, prosecutors said…
Hadassah, the international women’s Zionist organization, is entering its centennial year amid signs of increasing dysfunction. On February 7, the group confirmed that it is investigating allegations that two leading members of the governing board’s executive committee misused charitable funds. The allegations were made in a January 12 letter to Hadassah board members from Larry…
The long arm of the law caught up with a lawyer who goes by the moniker “Rabbi Avraham David” in Canada yesterday. The attorney, whose real name is Earl Seth David, was arrested in Toronto and will be extradited to the U.S. to face charges for his actions as the alleged ringleader of a massive…
From the smart-women-foolish-choices department: Ruth Madoff, wife of the world’s most infamous Jewish fraudster, is finally dumping her high school sweetheart after 52 years of marriage to reconcile with her surviving son, the UK Daily Mail reports. Mrs. Madoff, 70, had been “rejected” by sons Mark and Andrew for refusing to leave Madoff after his…
