This morning New York police officials have confirmed that the eldest son of Bernie Madoff, Mark, was found dead of an apparent suicide in his Manhattan apartment. Today is the second anniversary of Bernie Madoff being sent to prison for a total of 155 years. His son Mark was thought to be involved with the […]
Irving Picard, the trustee assigned to the Bernie Madoff case, announced this week that he has filed suit against dozens of the largest banks in the US. Picard has been charged with finding a way to pull the funds out of the Madoff estate to repay millions that Madoff bilked from investors. For years Madoff […]
Sean Mueller, former hedge fund leader, was sentenced this morning to 40 years in an US federal prison for operating a Ponzi scheme that bilked investors out of $71 million. Mueller was once a rising star in the financial world. He started a hedge fund that was returning some 20% on a yearly basis while […]