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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 ...
The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors.
The defendants include founders Walter Noel and Jeffrey Tucker and other fund partners who the plaintiffs allege "failed to fulfill their contractual obligations to use best efforts to supervise the operations" of Madoff-related investments and to "oversee the day-to-day investment activities of the fund." The case is Fairfield Sentry Ltd. v ...
Some states, including California and New York, allow for discovery, or the gathering of evidence from various parties to learn about the facts of a dispute, before a lawsuit has been filed.
He added that he does not accept Lew's decision to refund the money as an admission of guilt. He went on to analyze the bulge in Lew's right pocket and assess it as nothing extraordinary. Poker pro Xuan Liu opined that Negreanu is correct in his assessment, adding that Lew should not have given back the money she won in that hand to Adelstein. [22]
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
Other jurisdictions might disregard an unlawful purpose. In scenarios involving illegality, distinguishing the implementation of a resulting trust theory (implied by operation of law) from an oral express trust (implied by facts) can become difficult. A transferor failing under one theory might still succeed under the other.