Bureau of Prisons Web site lists Madoff’s location as federal prison in Georgia
Trustee: $231 million authorized so far for nearly $3 billion in claims by Madoff investorsNEW YORK — A court-appointed trustee unraveling Bernard Madoff’s massive fraud so far has allotted $231 million from a securities industry fund that compensates victims — a record amount for the fund, but a mere fraction of what was lost. Industry group sets aside $231M for claims by Madoff investorsNEW YORK — A group funded by the securities industry has set aside $231 million to cover claims by Bernard Madoff’s burned investors. Judge sides with prosecutors, revokes Texas financier R. Allen Stanford’s bondHOUSTON — Texas financier R. Allen Stanford could spend up to the next year in jail awaiting his trial on charges he allegedly swindled investors out of $7 billion. With Madoff’s punishment set, victims turn ire toward government at sentencing-day rallyNEW YORK — Inside a packed Manhattan courtroom, Miriam Siegman and eight other victims of Bernard Madoff directed their anger at the 71-year-old disgraced financier. Decision on whether judge will revoke Texas financier Stanford’s bond to come TuesdayHOUSTON — Texas financier R. Allen Stanford will spend at least one more night in jail after a federal judge said he won’t decide until Tuesday whether to free the once highflying businessman on bond while he awaits trial on charges he swindled investors out of $7 billion. Bernard Madoff sentenced to maximum 150 years in prison for vast fraud schemeNEW YORK — A federal judge rejected Bernard Madoff’s plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life in prison for an “extraordinarily evil” fraud that took a staggering toll on thousands of victims. Gains in commodities lift energy, industrial shares; Investors await week’s key dataNEW YORK — A jump in oil prices sent investors rushing to put money into the stock market in the final days of the second quarter. Wall Street begins holiday-shortened week on cautious note, investors await week’s key dataNEW YORK — Investors are beginning a holiday-shortened week on a cautious note. Indicted billionaire R. Allen Stanford returned to Texas to face fraud chargesHOUSTON — Billionaire R. Allen Stanford has been returned to Texas by authorities to face federal charges he ran a $7 billion scheme to defraud investors with his international banking empire. AP source: Indicted billionaire R. Allen Stanford en route to Texas on fraud chargesWASHINGTON — A law enforcement official says indicted billionaire R. Allen Stanford is en route to Texas to face charges that he ran a $7 billion swindle. SEC charges New York firm, California adviser with fraud in raising billions for Madoff schemeWASHINGTON — Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage firm said to be secretly controlled by Bernard Madoff, accusing them of funneling billions of dollars from investors into Madoff’s Ponzi scheme. Billionaire R. Allen Stanford indicted, jailed in alleged $7 billion fraudWASHINGTON — Brash Texas billionaire R. Allen Stanford has been jailed on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery. Editorial Roundup: Excerpts From Recent Editorials in Newspapers in the US and Abroad.Excerpts from recent editorials in newspapers in the United States and abroad: What a steal! Furniture, art from disgraced financier Allen Stanford’s Fla. office up for saleFORT LAUDERDALE, Fla. — Sal Lazzara needed some new office furniture. Thanks to a flamboyant financier’s downfall, he found a matching set with an infamous pedigree. Feds charge 2 Calif. men of running $85 million Ponzi scheme targeting Korean-AmericansSAN FRANCISCO — Federal regulators have accused two Northern California men of conducting an $85 million Ponzi scheme that targeted Korean-Americans, pledging to deliver spectacular returns from foreign currency trading. Judge consolidates Madoff’s business, personal assets to streamline bankruptcy processNEW YORK — A federal judge has consolidated two bankruptcy cases involving Bernard Madoff’s business and personal assets. Western NY businessman pleads guilty in Ponzi scheme that bilked millions from CatholicsBUFFALO, N.Y. — A western NY businessman is facing up to a 25-year prison sentence and a $50 million fine after admitting he orchestrated a multimillion dollar Ponzi scheme that targeted Catholics. Philadelphia-area fund manager admits to $80M Ponzi scheme, says money is gonePHILADELPHIA — A solo fund manager pleaded guilty Friday to operating an $80 million Ponzi scheme that defrauded more than 70 victims, including a family foundation and a couple who lost their life savings. Wine collection, private jet up for liquidation in alleged Caribbean Ponzi schemeSAN JUAN, Puerto Rico — A court-appointed receiver wants to sell off a wine collection, a private jet and two Cadillacs, among other property, to pay off victims of an alleged Ponzi scheme involving a Caribbean offshore bank, according to court documents. Miseries of Bernie Madoff’s sons revealedNEW YORK - Bernie Madoff’s swindle of as much as 47 billion pounds to his backyard has apparently left his sons facing the dump. AP News in BriefIran test fires missiles amid global flap over its nuclear ambitions Madoff case trustee says claims in massive Ponzi scheme rise to almost 9,000NEW YORK — The trustee overseeing the liquidation of Bernard Madoff’s assets says he’s received almost 9,000 claims from the disgraced financier’s victims. NY trustee: Philanthropy invested with Madoff should have known returns were fraudulentNEW YORK — The trustee overseeing the liquidation of Bernard Madoff’s assets has sued one of the nation’s leading educational philanthropies. NY Trustee in Madoff scandal sues hedge fund manager for more than $500 millionNEW YORK — The trustee overseeing the liquidation of Bernard Madoff’s assets sued a prominent hedge fund manager for more than $500 on Thursday, claiming he was aware the disgraced financier was a swindler. NYC trustee accuses Los Angeles money manager, others of making $1 billion off Madoff scamNEW YORK — A longtime Los Angeles money manager and philanthropist raked in more than $1 billion in false earnings from disgraced financier Bernard Madoff, a trustee overseeing the liquidation of Madoff’s assets claimed Friday. Maryland prosecutors charge 5 with $70M mortgage Ponzi scheme, feds signal aggressivenessWASHINGTON — Five people were charged with fraud Monday in what prosecutors say was a mortgage scheme that defrauded over 1,000 people of more than $70 million. Receiver says sprawling web’ of Stanford companies had 200 different accounting systemsHOUSTON — Companies controlled by Texas billionaire R. Allen Stanford appear to have had approximately 200 different accounting systems, apparently part of a plan designed to prevent any one employee from fully understanding the scope of the business, according to a court filing. Trustee orders Madoff investors to return $735M in bogus profits paid before scam collapsedNEW YORK — The trustee unraveling Bernard Madoff’s Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle. NY investment adviser indicted on charges of masterminding $413 million Ponzi schemeCENTRAL ISLIP, N.Y. — An investment firm owner masterminded a $413 million Ponzi scheme that fleeced more than 6,000 people, a federal indictment charged. |
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Government Web site says Madoff at prison in Ga.
