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Search results for ""Madoff""



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Alternative investments: Are they worth the cost?

Fear of stock market risk has driven many investors to alternative investments, but high costs and disappointing results render alts less than ideal.
Source: CNBC.com | By: Andrew Osterland, special to CNBC.com
UPDATE 1-Madoff victims to recoup $1.42 billion in two payouts

NEW YORK, Nov 18- Victims of Bernard Madoff's Ponzi scheme can expect to soon receive about $1.42 billion to help cover their losses, after two U.S. judges on Wednesday authorized the payouts. In the first payout, customers who invested directly with Madoff will receive about $1.18 billion from Irving Picard, the trustee liquidating Bernard L. Madoff Investment...
Source: Reuters | By: Jonathan Stempel
New York State Supreme Court Approves Tenth Interim Cash Distribution of $235 Million to Investors in Partial Madoff Feeder Funds Gabriel Capital, L.P. and Ariel Fund, Limited – Entities Formerly Managed by J. Ezra Merkin

NEW YORK---- Justice Richard B. Lowe, III, of the New York State Supreme Court in Manhattan, has today approved a $235 million distribution request proposed by Bart M. Schwartz, Court appointed Receiver for Gabriel Capital, LP and Ariel Fund, Ltd, two funds formerly run by J. Ezra Merkin that suffered losses due to the Madoff fraud. “Under the stewardship of Justice Lowe and...
Source: Business Wire
Madoff victims to soon recoup another $1.18 billion

NEW YORK, Nov 18- The trustee recouping money for victims of Bernard Madoff's Ponzi scheme will soon distribute another $1.18 billion to cover their losses, after receiving a federal judge's approval to make the payout. Bankruptcy Judge Stuart Bernstein in Manhattan on Wednesday authorized the trustee Irving Picard to release $1.5 billion from reserves.
Source: Reuters | By: Jonathan Stempel
Jury finds Ernst & Young liable over investor's Madoff losses

Nov 13- Ernst& Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff's multibillion dollar Ponzi scheme. A jury in Seattle sided with FutureSelect Portfolio Management Inc in finding the auditing firm was negligent in its work for funds that funneled money to...
Source: Reuters | By: Nate Raymond

The Keiretsu Forum Mid-Atlantic Region– with chapters in Philadelphia, Washington, DC, Pittsburgh, and New York, a part of the global Keiretsu Forum angel network strives to foster collaboration among early stage companies, angel groups and the larger investment community. The Angel Capital Expo took place on Wednesday, October 28, 2015, from 7:30am– 6:30pm at...
Source: Globe Newswire