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The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff.The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $65 billion. [1]
Ruth Madoff's combined assets with her husband had a net worth of between $823 million and $826 million.She had $92.6 million in assets listed in her own name: [9] the $7 million penthouse on Manhattan's Upper East Side; an $11 million mansion in Palm Beach, Florida; a three-bedroom apartment in Cap d'Antibes on the French Riviera valued at $1.5 million; $45 million in municipal bonds and $17 ...
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Stephen Louis Dalkowski Jr. (June 3, 1939 [1] – April 19, 2020), nicknamed Dalko, [2] was an American left-handed pitcher.He was sometimes called the fastest pitcher in baseball history and had a fastball that probably exceeded 100 mph (160 km/h).
According to Wiand, Nadel and the Moodys both represented that the hedge funds' trading activity generated more than $272 million in gains when" they actually lost $18.4 million. The three Viking funds the Moody's managed with Nadel had results ranging from a 4 percent annualized gain to a 24.5 percent per year loss.
John Gerard Stumpf (born September 15, 1953) [2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States.
Cravaack was born in 1959 in Charleston, West Virginia. [a] [3] His ancestry includes German, Italian, and Romanian-German. [13]He grew up in the Cincinnati suburb of Madeira, Ohio, the eldest of three children in a Republican family that had a military background; his father, Ray, served in the Korean War, and his grandfather served in World War I, as a motorcycle dispatch rider.