A federal judge has blocked litigation that the trustee liquidating Bernard Madoff’s firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer’s former customers. In a decision made public on Wednesday, U.S. District Judge Gregory Woods in Manhattan said A&G Goldman Partnership and Pamela Goldman cannot pursue a Florida lawsuit to…
The Orthodox rabbi son-in-law of indicted former New York Assembly Speaker Sheldon Silver was sentenced to two years in prison on Wednesday for running a Ponzi scheme that defrauded investors out of nearly $6 million. Marcello Trebitsch, 38, was also ordered by U.S. District Judge Vernon Broderick in Manhattan to forfeit $5.9 million, Manhattan U.S….
As the young superstars of the New York Mets soaked each other with Taittinger Champagne and Budweiser in the moments after seizing the National League pennant on October 21, the ghost of the Madoff Affair was writhing in a Proton Stream somewhere in corporate offices at CitiField. Or that’s how it felt when the television…
A son-in-law of indicted former New York Assembly Speaker Sheldon Silver pleaded guilty on Monday to operating a Ponzi scheme that defrauded investors out of nearly $6 million over seven years. Marcello Trebitsch, 37, pleaded guilty in Manhattan federal court to securities fraud, three months after authorities first accused him of using investment funds to…
The son-in-law of former New York Assembly Speaker Sheldon Silver was arrested for allegedly running a $7 million Ponzi scheme. Marcello Trebitsch, 37, was arrested on Monday by federal agents and indicted in Manhattan federal court on charges of wire fraud and securities fraud. He was released on $500,000 bail. Trebitsch, who is married to…
Bernard Madoff’s former back office director was sentenced to 10 years in prison on Monday for helping the convicted fraudster conceal his massive Ponzi scheme for decades. Daniel Bonventre, 67, is the first of five former Madoff employees to be sentenced over the next week, nine months after their conviction by a Manhattan federal jury…
The name of the most reviled member of the American Jewish community hangs in a place of honor in the lobby of the Center for Jewish History, in Manhattan. In a field of plaques commemorating donors to CJH, one stands out. Below etched lines naming the CEO of the World Championship of Ping Pong and…
Barbara Picower, the widow of Jeffry Picower, the largest beneficiary of Bernard Madoff’s Ponzi scheme, has awarded $104 million in grants over two years through a new foundation. The grants from the JPB Foundation have centered on medical research, poverty and the environment, Forbes reported, according to tax returns filed with the Internal Revenue Service….
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