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Irving Picard, the trustee appointed to liquidate the assets of convicted Ponzi schemer Bernard Madoff and return money to his victims, has filed a $95 million lawsuit against some of Israel’s largest educational and medical institutions.- Among the defendants in the suit filed Wednesday in Tel Aviv District Court are Hebrew University of Jerusalem, the…
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…
Three and a half years later, victims of Bernard Madoff?s massive financial fraud are still waiting to get back their money. Billions already recovered are tied up in litigation, and despite recent advances, there?s no resolution in sight. Attorneys came a few steps closer to digging out of the financial chasm Madoff left behind when,…
On Friday, the ABC News show “20/20,” aired videos of a polo shirt-clad Bernard Madoff, holed up in his Upper East Side “penthouse prison” — using his MacBook laptop computer, a bottle of sparkling water at his side. In the segment, former Madoff employee Nader Ibrahim said Madoff’s sons and brother ran the business while…
