Reuters reported victims of Bernard Madoff’s Ponzi scheme victims can expect to receive $1.42 billion to help cover their losses. Reuters noted trustee Irving Picard has thus far recovered $10.9 billion of the $17.5 billion Madoff customers lost.
Reuters reported victims of Bernard Madoff’s Ponzi scheme can expect to receive $1.42 billion to help cover their losses. Reuters noted trustee Irving Picard has thus far recovered $10.9 billion of the $17.5 billion Madoff customers lost.
The New York Times reported JPMorgan Chase plans to reach roughly $2 billion in criminal / civil settlements with federal authorities who suspect it ignored signs of Bernard L. Madoff’s Ponzi scheme, according to people briefed on the case.
New York Times reported that JPMorgan Chase and federal authorities are nearing settlements over the bank’s ties to Bernard L. Madoff, striking tentative deals that would involve about $2 billion in penalties and criminal action.