NEW YORK – Historic swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and …
Read the full story »US Financier Bernard Madoff Admits 50 Billion Dollar Fraud
AUSTRIA may have to take control of Vienna-based Bank Medici after its clients lost billions of dollars invested with Bernard Madoff.
Tremont Group Holdings Inc., a hedge-fund firm owned by OppenheimerFunds Inc., had $3.3 billion invested with Bernard Madoff, according to a person familiar with the matter, Bloomberg reported.
Tremont’s Rye Investment Management unit had $3.1 billion, …
On December 16 Fairfield Greenwich Group issued the following message to its client and investers about its exposure to the Madoff SCAM.