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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 bank claims the charges were authorized. This Long Island man lost his entire life savings after suspected debit card skimming scam — 1 year later, Chase bank still hasn’t reimbursed him.
Hoffenberg began using Towers Financial funds to pay for a lavish lifestyle that included a Locust Valley, Long Island mansion, homes on Sutton Place in Manhattan and in Florida, and a number of cars and planes. [8] [14] The Ponzi scheme was the largest financial fraud in American history prior to Bernie Madoff's being uncovered. [1]
Miller promised 10% a week interest and exploited some of the main themes of Ponzi schemes such as customers re-investing the interest they made. He defrauded buyers out of $1 million and was sentenced to jail for 10 years. After he was pardoned, he opened a grocery store on Long Island.
The owners of select Nissan automobiles may be entitled to multiple forms of compensation, including a $500 payment, use of a rental car and an extended warranty, after the company agreed to pay ...
In just a few weeks, new federal regulations will go into effect that will put an end to a particularly unscrupulous kind of debt settlement scam. But amid the countdown to the stricter rules ...
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.
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