Madoff

In the decision of Motors Liquidation Co. Avoidance Action Trust v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.), 552 B.R. 253 (Bankr. S.D.N.Y.

A proposed payment to Bernard Madoff's cheated investors would allow some to be paid in full about six years after the collapse of Mr. Madoff’s massive fraud.

Dish Network Corp.’s  proposed deal to buy LightSquared’s wireless spectrum assets is on the verge of falling apart, a lawyer for LightSquared’s lenders said in bankruptcy court Tuesday. Read the Daily Bankruptcy Review via The Wall Street Journal.

Keith Simmons is not a household name. His Ponzi scheme, which was uncovered in 2009, cost his victims more than $35 million, a much smaller figure than, say, the $20 billion fraud perpetrated by Bernie Madoff (which came to light five years ago Wednesday) or R. Allen Stanford’s $7 billion scam.