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Bernie Madoff

TweetOne of the stranger twists in the aftermath of the collapse of the Madoff Ponzi Scheme involved the efforts of the Madoff trustee, Irving Picard, to recover over $300 million from the New York Mets owners.  As a result of this lawsuit, Major League Baseball had to lend the New York Mets money to cover […]

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Tweet A federal district court judge dealt another blow to investors who lost money to Ponzi schemer Bernie Madoff late last week. The judge ruled that investors in feeder funds, i.e. “third-party investors”, could not recover their money from Bernard L. Madoff Investment Securities (“Madoff”).  The investors were not protected because instead of investing their money directly […]

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