Bernie Madoff Sentenced to 150 Years

Posted on The Criminal Defense Blog on June 29, 2009
Ponzi mastermind Bernie Madoff’s day of reckoning has come. A federal judge sentenced Madoff to 150 years, the maximum sought by the prosecution, according to CNN. Following the sentence, Madoff offered an apology to his victims. I live in a tormented state for all the pain and suffering I created, Madoff said...

Madoff was executor of large estate

Posted on Wills, Trusts & Estates Prof Blog on March 19, 2009
According to Mark Seal, Madoff?s World, Vanity Fair, April 2009: Once, after [Norman F.] Levy?s health began to fail, Madoff arranged for a helicopter to transport him for medical treatment. And when Levy died, in 2005, at 93, Madoff delivered...

Live Blogging the Madoff Sentencing: 150 Years for Madoff

Posted on The AM Law Daily on June 29, 2009
Judge Denny Chin has sentenced Bernard L. Madoff to 150 years in prison. Chin gave Madoff the maximum of 20 years on several of the counts, which will be served consecutively. For a brief moment, the courtroom erupted with applause.

Madoff - Bail Holds

Posted on White Collar Crime Prof Blog on January 12, 2009
Chad Brey, WSJ has an article online titled - Madoff to Remain Free. (see also Diana B. Henriques, NYTimes, Judge Rules Madoff Can Remain Free on Bail. This is not a surprising result as Madoff has not been convicted of...

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Madoff Recovery Questions Answered

Posted on Representing Investors on January 16, 2009
Madoff Recovery Questions Answered How big is the Bernard Madoff scandal? The Madoff fraud is being called the largest financial fraud in U.S. history. Following Bernard (Bernie) Madoff?s arrest on Dec. 11, authorities estimate that the scale of the alleged scam could be as much as $50 billion, with 4,000 or more investors suffering extraordinary financial [...

With the Madoff Hearing Underway, Something to Tide You Over

Posted on Law Blog - WSJ.com on March 12, 2009
Bernie Madoff is expected to plead guilty today to 11 counts related to his alleged $65 million Ponzi scheme. Here is a roundup of the morning's Madoff news.

His Middle Name is O; The Man Behind the Madoff Prosecution

Posted on Law Blog - WSJ.com on March 17, 2009
The Law Blog takes a look at Marc Litt, 46 years old, the prosecutor in the Bernie Madoff case. Litt's job now: investigate whether anyone else knowingly helped Madoff carry out the biggest fraud in U.S. history.

Madoff Should Teach an SEC Class

Posted on White Collar Crime Prof Blog on July 29, 2009
Reading Jay Price's superb article in the News & Observer titled Behind bars in Butner, Madoff shares secrets of scam, one has to wonder if Bernie Madoff should be instructing the SEC so that they can learn the tricks of...

Madoff ? Could it Have Happened in the UK?

Posted on The Harvard Law School Corporate Governance Blog on February 11, 2009
(This post is by Michael Raffan and Andrew Marsh of Freshfields Bruckhaus Deringer LLP in London.) This post outlines what the alleged Madoff fraud involved and how it was able to happen. It looks at relevant aspects of the US regulatory system and draws attention to some similarities in the UK system...

Not So Fast, Mrs. Madoff

Posted on Point of Law on July 29, 2009
As reported by Ashby Jones at the WSJ Law Blog, the trustee for the consolidated cases of Bernie Madoff and his investment firm commenced an adversary seeking more than $44 million from Ruth Madoff earlier today. This action does not...

Something Bernie Madoff Can Feel Thankful For

Posted on Law Blog - WSJ.com on August 06, 2009
We're guessing that few days pass in which Bernie Madoff, who, by our calculations, has served about 1/360th of his sentence, thanks his lucky stars for his fate in life. But hopefully someone will print out this post and send it down to Butner, N.C...

Madoff Investors Face Mounting Tax Troubles

Posted on TaxProf Blog on February 13, 2009
From next week's National Law Journal: Next Headache for Madoff Investors: Tax Troubles, by Pamela A. MacLein. Prior TaxProf Blog posts: More Tax Planning for Madoff Victims (1/13/09) More on Tax Planning for Madoff Victims (12/30/08) Tax Law to Provide...

Midtown Miscreant: Bernie Madoff isn't Hitler

Posted on Crime Scene KC on March 14, 2009
A very insightful post here: Some of the victims have described Madoff as evil, or like looking in to the eyes of Hitler. I'm sure those people believe that, feel it with every fiber of their being. But Madoff isn't...

Friday Law Link Roundup

Posted on Legal Blog Watch on March 20, 2009
-- What's the worst part of being the other B. Madoff? It's not just the lawyer ads that pop up on Google under the headline "Madoff Ponzi Victim?" when you do a Google search for Madoff Productions, owned by Ben...

Madoff Update

Posted on Wills, Trusts & Estates Prof Blog on May 13, 2009
Below is some recently revealed information regarding the case of disgraced investor Bernard A. Madoff from Diana B. Henriques and Zacery Kouwe, Records Show Billions Withdrawn Before Madoff Arrest, NY Times, May 12, 2009: About $12 billion was pulled out...

For SEC, Madoff Answers More Troubling Than Questions

Posted on The AM Law Daily on October 31, 2009
The SEC's Inspector General released new exhibits on Friday from the agency's internal investigation into how it failed to uncover Bernard Madoff?s $65 billion Ponzi scheme. Among the disclosures: a jailhouse interview with Madoff in June.

SDNY Judge Unseals Emails from Madoff Victims

Posted on New York Federal Criminal Practice on June 24, 2009
It?s bad enough to have been an investor with Bernie Madoff, but to have that investment decision ridiculed in the press adds insult to injury.  And there?s the rub ? or at least one of them ? for Madoff?s victims:...

Any sentencing predictions or prognostications before Monday's Madoff mania?

Posted on Sentencing Law and Policy on June 26, 2009
Infamous ponzi schemer Bernie Madoff is scheduled to be sentenced this coming Monday, and so a slow summer friday presents a great opportunity for sentencing predictions and prognostications before the Madoff mania. Helpfully, this Bloomberg piece, headlined "Madoff?s Failure to...

The Multi-Faceted Madoff Saga -- Broker Litigation Intersects with Brother Peter Madoff

Posted on Conglomerate on March 26, 2009
The civil litigation associated with Bernard Madoff's Ponzi scheme may go on for years -- both investors suing Madoff and...

The Multi-Faceted Madoff Saga -- Broker Litigation Intersects with Brother Peter Madoff

Posted on Conglomerate on March 26, 2009
The civil litigation associated with Bernard Madoff's Ponzi scheme may go on for years -- both investors suing Madoff and...