Madoff News
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Sydney -
I’ve been describing American politics as pure criminal anti-democracy for some time. But a US election year, which happens in the same years as the Olympics, is worth watching for the exact opposite reasons that I watch the Olympics.
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Bernie Madoff was involved in a major financial scam, and now he will be the subject of a movie that will be starring Robert De Niro.
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New York -
$7.2 billion worth of Madoff-related money will be restored to investors as a result of a settlement with the estate of the late Jeffry Picower. The good news is that this is apparently an positive settlement, with the blessing of Mr. Picower’s widow.
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Convicted Ponzi schemer Bernie Madoff allegedly told a prison inmate he funneled $9 billion to three friends before getting caught for his white-collar crime, the New York Post reports.
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Prison officials are claiming that Bernie Madoff was treated for dizziness and hypertension. Reports were denied that he was assaulted.
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Bernard Madoff's friend, Jeffry Picower, reportedly his biggest fraud beneficiary, was found dead inside his house by his wife and a housekeeper. Picower was listed in the Forbes top 400 billionaires in America. He reportedly suffered a heart attack.
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Bernard Madoff''s wife Ruth has said she "felt immense pain" for her husband's victims yesterday, the same day Bernard was sentenced to 150 years in jail. She did not attend court, but issued a statement to the press.
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Ira Sorkin, the lawyer of the once Wall Street wizard Bernard Madoff, wrote a letter to Judge Denny Chin to ask for a 12-year prison term.
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It has been suggested that offices in the United Kingdom owned by Bernard Madoff might have been used as part of the fraud.
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In the continuing story of Bernie Madoff, his accountant has now been charged. David Frehling has been charged with six counts of securities fraud, investment adviser fraud, and filing false statements with the SEC.
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Madoff Headlines
 The New York Mets owners and a trustee for Bernard Madoff's fraud victims have settled for $162 million.
The New York Mets' owners agree to pay $162m (£102m) to settle a lawsuit which accused them of being "wilfully blind" to Bernard Madoff's Ponzi fraud.
The owners of the New York Mets agreed Monday to pay $162 million to settle claims they willfully ignored the Ponzi scheme orchestrated by Bernie Madoff. "We believe that this is a fair and just settlement," said David Sheehan, chief counsel to Irving Picard, the court-appointed trustee recovering money on behalf of Madoff's defrauded clients.
 The owners of the New York Mets want the U.S. Supreme Court to get involved in their attempt to recover money from Bernard Madoff's Ponzi scheme.
The Madoff of the Ozarks didn't scam thousands of sophisticates. He didn't steal billions of dollars. Yet by defrauding innocents like the military widow who had entrusted to him the death benefit she received from her deceased soldier-husband, killed in Iraq, Lee Charles Johnson, 42, of Little Rock, has earned himself a special place in hell.
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