Tag: Bernard Madoff

• Thursday, April 15th 2021 - 08:47 UTC

  Swindler Bernie Madoff dies in US prison aged 82

  

  Convicted Ponzi-schemer Bernard Madoff, a former chairman of the Nasdaq stock market who lured many millionaires to invest in his amazing deals which turned out to be losses, has died in a US federal prison at the age of 82, it was announced.

• Tuesday, January 7th 2014 - 23:28 UTC

  JP Morgan will pay 1.7bn dollars penalty related to Bernard Madoff's fraud

  

  JPMorgan Chase & Co will pay a 1.7 billion dollars penalty to settle charges by US federal authorities that the bank failed to report suspicious activity relating to Bernard Madoff's Ponzi scheme.

• Tuesday, December 7th 2010 - 18:50 UTC

  HSBC sued 9 billion USD by Maddoff’s investment liquidation trustee

  

  The trustee for the liquidation of Bernard Madoff's investment firm is suing HSBC for 9 billion USD. Irving Picard, who is seeking to recover funds on behalf of Madoff's victims, is alleging 24 counts of fraud and misconduct against the bank.