Tagged bernie madoff

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Feeder fund clients of Madoff will not receive reimbursement because they are not customers

Ariana Costakes

January 6, 2012

NEW YORK -- Thousands of investors will not be reimbursed for money lost in Bernie Madoff’s decades-long ponzi scheme due to a federal court ruling today, according to the Washington Post. US District Court ...

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Former Madoff trader will plead guilty next week

Ariana Costakes

November 17, 2011

NEW YORK -- Former Bernard Madoff Investment Securities trader David Kugel is expected to plead guilty to fraud charges next week for creating fake trades as far back as the 1970s to deceive investors, prosecut...