Entries tagged "SIPC"
Pornography purveyor Philip Barry was running a financial Ponzi scheme with inflated and faked promised returns.
The SIPC has secured $231 million to pay 543 claims from Bernard Madoff's Ponzi scheme, and it announced a potential $2.74 billion for all 8,800 claims.
The New York Mets and the SIPC trustee overseeing the wind-down of Bernie Madoff's firm cut a deal to sell the fraudster's season tickets at CIti Field.
The trustee recovering assets of accused swindler Bernard Madoff has approved 12 claims from investors, and will pay each of them $500,000.
