Peter Madoff is selling off a 14-room home in Old Westbury as he faces a lawsuit by the trustee reclaiming funds for investors in his brother’s Ponzi scheme.
In a 2006 New York divorce case, the ex-husband says the millions of dollars that went to his ex-wife came from a Bernard Madoff account that never really existed.
It’s your last chance to own some of the personal belongings of the world’s most notorious Ponzi schemer.
A judge has decided that a once-prominent New York City politician can serve 500 hours of community service rather than jail time for income tax evasion.
It’s hard to believe that the appellate court will rule in favor of Sterling Equities (Fred Wilpon, Saul Katz and others) and against the trustee by reversing the bankruptcy court in Madoff appeal.
Every time the men who run the Mets pout before a forest of microphones, it is we who become angry. Very few powerful people know when to quit, and with each hollow assertion and rampant denial, Fred Wilpon is being selfish, defiant, and destructive.
A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the Mets — and other investors — that they have a right to keep millions of dollars of fictitious profits.
An 80-year-old Monsey woman and her son have been charged with grand larceny after prosecutors said they scammed 75 people — mostly neighbors and relatives — in a Ponzi scheme.
According to the Wall Street Journal, attorneys for Irving Picard have informed Mets owners Fred Wilpon and Saul Katz that additional allegations about amounts invested with Bernard Madoff will be added by March 18 if they fail to reach a settlement.
Starr admitted to cheating nine elderly and wealthy clients out of millions to pay for his own bills, including the purchase – and sale – of a $7.5 million apartment in Manhattan.
In a new bombshell interview from prison with New York Magazine, Bernard Madoff opened up about his crimes – and the fallout for his family.
Hounded by a multimillion dollar lawsuit filed by the trustee trying to recover money for victims of the Bernard Madoff Ponzi scheme, the Mets said Friday that they received a loan to help cover expenses.
Using the six-year look back period involved in bankruptcies in New York, the following will try to lay out the parameters for a possible settlement of the Madoff lawsuit involving the Wilpon/Katz defendants.
Union head Michael Weiner says the players’ association is not worried about the lawsuit filed against Mets owners and its impact on the club’s financial stability.
Former New York Mets player Tim Teufel is among the hundreds of Bernard Madoff investors who have been asked to return bogus profits from the fraudster’s Ponzi scheme.