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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.
The 162-page list of clients (without investment amount), filed in United States bankruptcy court in Manhattan, was made public on February 4, 2009. [ 3 ] [ 4 ] [ 5 ] Some of the clients profited. [ 6 ]
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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Booking photo of Arthur Nadel in 2009. Arthur Geoffrey Nadel (January 1, 1933 – April 16, 2012) was an American hedge fund manager, disbarred lawyer, piano player, and philanthropist.
Wikipedia:Please do not bite the newcomers, a guideline, advises Wikipedia users to consider the obvious fact that new users of Wikipedia will do things wrong from time to time. For those who either have or might have an article about themselves, there is a temptation—especially if apparently wrong or strongly negative information is included ...
As a concept, lenders have been practicing debt settlement for thousands of years. [1] However, the business of debt settlement became prominent in the USA during the late 1980s and early 1990s, when bank deregulation, which loosened consumer lending practices, followed by an economic recession, placed consumers in financial hardship.
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.