Washington - Prosecutors started seizing the property of the fraudster-financier Bernard Madoff on Thursday, taking possession of his multimillion-dollar waterfront home in upscale Palm Beach, Florida, and three boats, the US Attorney's Office said.
Madoff, 70, faces 150 years in prison for the largest Wall Street swindles ever, and now faces loss of his personal property to pay back angry clients. The Florida property alone was reportedly valued at 14 million dollars.
London, Mar 28 : Disgraced US financier Bernard Madoff used the London arm of his corrupt investment business as his personal "piggy bank", British fraud investigators have claimed.
The Serious Fraud Office (SFO) described Madoff Securities International, based in Mayfair, Central London as "a cog in the global washing machine", through which the jailed fraudster had laundered billions of pounds.
New York - Financier Bernard Madoff will have to sit in jail while waiting for his sentencing after pleading guilty to a massive scam that bilked billions of dollars from thousands of investors, US media reported.
An appellate court in New York upheld a judge's previous ruling that Madoff should not be released pending his June 16 sentencing because he has the financial means to flee, MSNBC reported.
Washington - Disgraced financier Bernard Madoff's accountant was on Wednesday arrested and charged with securities fraud, the Justice Department said.
David G Friehling, 49, surrendered to authorities Wednesday morning and is the first accused accomplice of Madoff to be arrested since the 50-billion-dollar scandal came to light three months back.
An accountant for Bernard L Madoff Investment Securities LLC, Friehling faces a maximum 105 years in prison.
Washington - US prosecutors intend to seize millions of dollars of homes, cars and other luxury items from disgraced financier Bernard Madoff, who pleaded guilty last week to operating a 50-billion-dollar Ponzi scheme.
A filing in US court shows prosecutors intend to go after four homes owned by Madoff and his wife, Ruth, including the property and contents of a 7-million-dollar Manhattan luxury apartment, a 3.4- million-dollar beachside home on Long Island, a 14-million-dollar waterfront mansion in Palm Beach, Florida, and a home in the south of France.
New York, Mar. 15 : It’s a life he would have wished on his worst enemy, but fate and calumny has deemed otherwise.
Not long ago, mega-Ponzi crook Bernard Madoff, who has pleaded guilty to a 65 billion dollar scam, enjoyed the best of world cuisine, boarding and lodging, but now in jail for the next 150 years, he has to make do with frozen chicken patties and canned string beans.
Bernie is being made to tweak his taste for prime rib and cognac amid conditions that are decidedly less refined.
Washington - Prosecutors started seizing the property of the fraudster-financier Bernard Madoff on Thursday, taking possession of his multimillion-dollar waterfront home in upscale Palm Beach, Florida, and three boats, the US Attorney's Office said.
London, Mar 28 : Disgraced US financier Bernard Madoff used the London arm of his corrupt investment business as his personal "piggy bank", British fraud investigators have claimed.
New York - Financier Bernard Madoff will have to sit in jail while waiting for his sentencing after pleading guilty to a massive scam that bilked billions of dollars from thousands of investors, US media reported.
Washington - Disgraced financier Bernard Madoff's accountant was on Wednesday arrested and charged with securities fraud, the Justice Department said.
Washington - US prosecutors intend to seize millions of dollars of homes, cars and other luxury items from disgraced financier Bernard Madoff, who pleaded guilty last week to operating a 50-billion-dollar Ponzi scheme.
New York, Mar. 15 : It’s a life he would have wished on his worst enemy, but fate and calumny has deemed otherwise.
