Madoff Help News & Assistance

SEC Charges Advisor Put Money With Madoff, Petters

admin — Thu, 09 Sep 2010 13:32:46 +0000

The Securities and Exchange Commission charged a Colorado investment advisor told his investors he was putting their money into conservative products, and instead put most of the money with feeder funds for Bernard Madoff’s and Tom Petters’ frauds. Read full article on HedgeFund.net here.

www.madoff-help.com in collaboration with NIAP - Network for Investor Action & Protection is forging ahead with a legislative agenda to address SIPA and IRC relief for fraud victims. Click here to Donate now. Not a NIAP member? Click here to register (Membership is free).

Adviser to Ponzi scheme victims goes bust

admin — Wed, 08 Sep 2010 17:23:00 +0000

Tax consultancy’s specialty—helping those swindled in investment frauds—may have been a tad too specialized: Chapter 7 filing shows less than a dozen clients. Read Investment News article here.

H.R. 5032 Update - 9/7/10

admin — Tue, 07 Sep 2010 13:44:21 +0000

Click here for NIAP update on H.R. 5032 legislation.

Madoff investors win $12.74 ml in Merkin case

admin — Mon, 06 Sep 2010 15:57:47 +0000

Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show. Read Reuters report here.

Sarasota’s Beau Diamond: Ponzi culprit … and victim?

admin — Mon, 30 Aug 2010 13:08:20 +0000

One of Southwest Florida’s most notorious Ponzi schemers may have gotten taken himself. Read Herald Tribune article here.

Lloyd’s, Stanford Trial Begins on Insurance Claim

admin — Thu, 26 Aug 2010 22:11:07 +0000

Lloyd’s of London underwriters are attempting to convince a U.S. judge that financier R. Allen Stanford conspired to steal money so they can avoid paying attorneys to defend him on criminal fraud charges. Read Bloomberg article here.

Witness questions Stanford bank loans

admin — Thu, 26 Aug 2010 22:09:41 +0000

R. Allen Stanford’s Caribbean island bank loaned more than $3 billion to Stanford and his companies without properly disclosing the loans, a witness for Lloyd’s of London testified Wednesday in a hearing on whether Lloyd’s should pay the jailed Stanford’s legal fees. Read chron.com article here.

U.S. Court Goes to Gibraltar for Madoff Victims

admin — Thu, 26 Aug 2010 22:05:54 +0000

A Gibraltar court has been asked to release over $73 million deposited in accounts there by a custodian for Bernard L. Madoff investor Vizcaya Partners. The U.S. judge overseeing the liquidation of Mr. Madoff’s firm is seeking the funds so they can be distributed to victims, The Wall Street Journal reported. See NY Time article here.

NEW: HR5032 Update From NIAP - 08/24/10

admin — Tue, 24 Aug 2010 18:38:28 +0000

Greetings. As many of you know, this has been a busy time on both the legal and legislative fronts. There has been much attention on the legal side as attorneys have filed their briefs on net equity with the US Federal Court of Appeals (NAIP has filed an amicus brief as well). The focus of this update, however, will be on the legislative front, particularly HR 5032 – the Ponzi Victims Investor Protection Act of 2010. CLICK HERE FOR FULL UPDATE.

Brief Filings - Update

admin — Mon, 23 Aug 2010 15:01:13 +0000

Several briefs have been filed over the past two weeks on net equity appeal and customer motion. We have made available many of these briefs on the www.madoff-help.com website under Court Filings (see Net Equity and Customer Motion Section). Click here to visit website and access briefs.