Monday, April 6th, 2009
In a move that shouldn't surprise many, J. Ezra Merkin, the former chairman of GMAC, famed NYC philanthropist, and hedge fund manager has been charged with fraud for his connection in the Bernard Madoff Ponzi scheme.
New York Attorney General Andrew Cuomo charged Merkin with civil fraud for steering many of ...
Posted in Business Fraud | No Comments »
Sunday, March 8th, 2009
Bernard Madoff is finally going to meet his victims in court. Madoff admitted to the largest Ponzi Scheme in December, yet he's remained out of jail the whole time.
Madoff, the former Chairman of NASDAQ, has been under house arrest since December 2008.
On Friday US District ...
Posted in Business Fraud | No Comments »
Tuesday, December 23rd, 2008
The fallout in the case of Bernard Madoff continues. It's not surprising considering the scale of his scam, which is clearly the largest investment swindle ever uncovered. Now the scam has engulfed a man who once thought of Bernard Madoff as his good friend. Walter Noel and ...
Posted in Business Fraud | No Comments »
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