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Published on: 9/26/2011
Lawmakers question Schapiro, Becker over IG report examining Madoff conflict
The Madoff scandal continues to dog the SEC. Last week a House subcommittee queried SEC Chairman Mary Schapiro and former agency General Counsel David Becker over permitting the GC to participate in decisions about victims of the Madoff Ponzi scheme even though Becker had inherited money in 2004 hel ...

Published on: 8/22/2011
Madoff investors lose decision over bankruptcy trustee's method to calculate their losses
A New York appeals court last week sided with Madoff bankruptcy trustee Irving Picard in his intention to calculate investor losses based upon what they invested with the Ponzi schemer minus any withdrawals. The investors hoped that the Securities Investor Protection Corp. would reimburse them based ...

Published on: 07/28/2011
Feeder funds settle Madoff claims for more than $1 billion
The bankruptcy trustee working to recoup monies stolen in the Madoff Ponzi scheme announced July 28 that it has reached a settlement with more than a dozen investment funds. The funds agreed to pay more than $1 billion, money that will be bound for aggrieved Madoff investors. One of the parties to ...