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UPDATE 2-Five ex-Madoff employees lose U.S. appeal of convictions

NEW YORK, April 20- A U.S. appeals court on Wednesday upheld the convictions of five former employees of Bernard Madoff's firm who prosecutors said helped their boss conceal his multibillion-dollar Ponzi scheme for years. The 2nd U.S. Circuit Court of Appeals in New York rejected arguments by the ex-employees' lawyers challenging various lower-court rulings...

Source: Reuters

Appeals court upholds convictions of former Madoff employees

NEW YORK— Five former employees of imprisoned Wall Street swindler Bernard Madoff were convicted at a fair trial, a federal appeals court concluded Wednesday. The 2nd U.S. Circuit Court of Appeals said evidence offered at a six-month trial that ended in 2014 was sufficient to convict the former workers, including Madoff's longtime secretary Annette...

Source: The Associated Press

Former Hedge Fund Manager, Artist & Math Ph.D. Nelson Saiers Puts His Trading Algorithm on Display

NEW YORK, April 15, 2016-- Nelson Saiers— artist, math Ph.D., and former hedge fund manager— walked away from Wall Street roughly a year ago. His art exhibition at HG Contemporary Gallery, 527 W 23rd Street in New York City, uses parts of his actual hedge fund trading algorithm to comment on the Financial Crisis of 2008, Madoff, and other large-scale financial motivators...

Source: Globe Newswire

TMT Chairman Nobu Su: Did Madoff’s creditors forget about the biggest recovery claim?

SINGAPORE, April 13, 2016-- Nobu Su, an Asian shipping tycoon and inventor, who have recently filed a claim in Singapore earlier this year against RBS, Fred Goodwin and others, who made RBS arguably the world’ s largest bank in the last decade, believes that others might learn from his approach.. Bernard Madoff, a disgraced former Chairman of the Board of NASDAQ, was...

Source: Globe Newswire

U.S. judge orders deposition of Bernard Madoff

April 8- Bernard Madoff must submit to a deposition by lawyers for some former customers who lost money when the imprisoned swindler's firm collapsed in December 2008, a judge ordered on Friday. Bankruptcy Judge Stuart Bernstein in Manhattan set strict limits on what Madoff can be asked. Picard has recouped roughly $11.1 billion of the estimated $17.5 billion...

Source: Reuters

Bernard Madoff to be deposed by victims' lawyers -filing

NEW YORK, April 4- A federal bankruptcy judge has ruled that Bernard Madoff can be questioned by lawyers for some former customers who lost money when the imprisoned swindler's firm collapsed in December 2008, a Monday court filing shows. Bankruptcy Judge Stuart Bernstein in Manhattan authorized a deposition of Madoff at a March 23 hearing, and Monday's filing...

Source: Reuters