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Madoff victims may get new $247M disbursement

Plan for new distribution would boost total payouts to more than $9.45B

Madoff victims may soon recoup another $247 million

(Reuters) - Nearly 7-1/2 years after Bernard Madoff's Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler's victims on Thursday sought court approval to free up..

Videos for Madoff

News video: Fireworks Wow Crowd at 901Fest

Fireworks Wow Crowd at 901Fest

Memphis in May ends Saturday with the Inaugural 901Fest held downtown at Tom Lee Park.
Source: WATN -

News video: Feds are trolling Wall Street cocktail parties to spot the next Bernie Madoff

Feds are trolling Wall Street cocktail parties to spot the next Bernie Madoff 02:54

The SEC is getting creative trying to catch traders who are up to no good. More and more regulators are mingling at conferences and parties to see who may be causing a problem.
Source: Midday Movers -

News video: More Payouts To Victims Of Madoff's Ponzi Scheme Expected

More Payouts To Victims Of Madoff's Ponzi Scheme Expected 00:47

In December 2008, Bernard Madoff was uncovered for a Ponzi scheme of epic proportions. In 2009, he plead guilty to the fraud and is currently serving a 150-year prison sentence. More than seven years..
Source: Wochit News -

News video: New Jodie Foster-Directed Film Chides Wall Street

New Jodie Foster-Directed Film Chides Wall Street 03:22

The new financial thriller "Money Monster" delves into the high-stakes, sometimes corrupt world of global markets. WSJ's Lee Hawkins discusses the movie and some of the iconic Wall Street-bashing films..
Source: WSJLive -

News video: Madoff's Sons' Estates Keep Up Fight to Keep Cash

Madoff's Sons' Estates Keep Up Fight to Keep Cash 04:02

May 10 -- The estates of Mark and Andrew Madoff, the deceased sons of Bernie Madoff, are continuing the fight over a 2009 lawsuit aimed at recovering $150 million of investor funds allegedly squandered..
Source: Bloomberg Global Business -


Madoff Trustee Requests Allocation of $247 Million to Customer Fund and Court Approval to Immediately Distribute $171 Million to BLMIS Customers with Allowed Claims

NEW YORK & WASHINGTON--(BUSINESS WIRE)--The Madoff Trustee is seeking approval of an allocation of $247 million to the BLMIS Customer Fund, and court approval to immediately distribute $171 million to..
Business Wire

Northwest Territorial Mint Scandal: Investors Had Fair Warning On This Blowup As Well

northwest territorial mint scandal: investors had fair warning on this blowup as well
Submitted by Clint Siegner of Money Metals Exchange *Northwest Territorial Mint Scandal: Investors Had Fair Warning On This Blowup As Well* The news unfortunately just keeps getting worse for..
Zero Hedge

“If I had terminal cancer, it would be better than this, because at least [then] I did not cause it,

“If I had terminal cancer, it would be better than this, because at least [then] I did not cause it,” former vegan restauranteur and current Rikers Island resident Sarma Melngailis told The New..

Justice Department's Madoff Fund Inches Closer to Victim Payouts

The government fund to repay Bernard Madoff's fraud victims is preparing to recommend approval of more than 25,000 claims covering almost $4 billion in losses, but the Justice Department didn't say how..

Madoff victims could get almost $4B from government fund

The US Justice Department is preparing to recommend that a government fund pay almost $4 billion to satisfy more than 25,000  -More- 

More Than 25,000 Madoff Victims Now Eligible For Share Of $4 Billion Fund

more than 25,000 madoff victims now eligible for share of $4 billion fund
The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in..
WorldNews Also reported by •ReutersRaw Story

Is Authenticity Overrated?

"Authenticity" is a huge buzzword in this election cycle. Bernie Sanders and Donald Trump are both lauded for it, while Hillary Clinton is derided for her perceived lack of it. Taking stock of a..
Huffington Post

JPMorgan wins dismissal of Madoff investors' U.S. lawsuit

NEW YORK (Reuters) - JPMorgan Chase & Co on Wednesday won the dismissal of a lawsuit by former investors of Bernard Madoff's firm who blamed the largest U.S. bank for turning a blind eye to his Ponzi..

Go the Distance! From Distrust to Trust Using Conversational Intelligence

By Judith E. Glaser Daily we see headlines that suggest we are becoming mired in distrust, at high cost to our organizations. As our trust bank accounts are depleted, we run out of currency to..
Huffington Post

14 Psychological Forces That Make Good People Do Bad Things

Given the right circumstances, good people can get caught up in some very bad things. More often than not, psychology is to blame. When it comes to unethical behavior, good people don't tend to go..
Huffington Post

'Madoff of landlords' gets hit with felony charges, lawsuit

With all the attention being paid to affordable housing in New York City, it was only a matter of time that the city's landlords would come under some intense scrutiny. And on Monday, one of New York's..

‘The Bernie Madoff Of Landlords’: Man Accused Of Sending Former NYPD Officer To Threaten Tenants

A man who owns more than 100 apartment buildings could soon be behind bars.

Scam with more victims than Madoff shut down in the U.S.

The U.S. government says it has finally put an end to what investigators call one of the longest running mail frauds in history.

Madoff sons' fight over cash persists years after their deaths

Trustee Irving Picard preparing new complaint against estate as talks failed.

Trump's New Finance Chief Cashed Out Madoff Ponzi Profits

Donald Trump's new national finance chairman and his family pocketed about $3.2 million in fake profit from his mother's account with convicted con man Bernard Madoff — money that didn't have to be..

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