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Feb. 20—PORTLAND — The "ringleader" of a trio of Bronx men who schemed to defraud Home Depot stores in Maine, including in Auburn, was sentenced Friday in federal court to six months in prison.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. 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.
Bag of cash doesn't stop jurors from convicting 5 of 7 defendants in $40 million food fraud scheme; Internet group sues Georgia to block law requiring sites to gather data on sellers; UN will describe Israel and Hamas as violating children's rights in armed conflict; Mississippi is the latest state sued by tech group over age verification on ...
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff.The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $65 billion.
December 11, 2008. Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [3] [4] He was at one time chairman of the Nasdaq stock exchange. [5]
On Tuesday morning, the home improvement retailer posted revenue of $36.42 billion, compared to the $36.66 billion expected by Wall Street. That's about a 2.3% drop year over year; the company ...
Attorney Dawn Ison announced in a news release on June 5 that Smith orchestrated the years-long scheme in two ways: by using conservancy funds to pay for charges to a family bank account and ...
The recovery of funds from the Madoff investment scandal has been underway since the scandal broke in December 2008. That month, recovery trustee Irving Picard received funds from the Bank of New York account where Bernard Madoff held new investments into his Ponzi scheme. As it has been concluded that no legitimate investments were made on the ...