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The court-appointed trustee Irving Picard estimated actual losses to investors at $18 billion, and much of that money has been returned. [ 2 ] The 162-page list of clients (without investment amount), filed in United States bankruptcy court in Manhattan , was made public on February 4, 2009.
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 ...
In March and May 2008, Madoff International wire-transferred 135,000 pounds ($198,207) to buy a car for Peter Madoff, and delivered it to him at his residence in Palm Beach. Madoff International's listed assets are as much as $500 million and debt of more than $1 billion in its bankruptcy petition.
The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, the ...
He turned his investigative eye to Madoff’s story after discovering that his aunt, Adele, had lost all of her money in Madoff’s massive Ponzi scheme. Madoff died in prison at age 82.
At the time of his arrest on Dec. 11, 2008, Bernie Madoff had more than 4,900 active clients, with another 40,000 people whose investments had passed through Madoff’s company, Bernard L. Madoff ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Bernie Madoff in 2013 said he was ashamed of cheating thousands of people out of their life savings. 'Not diminished by his death': Shamed Bernie Madoff leaves behind long list of victims [Video ...