White-Collar Crime

Forward Motions: Judge to Consider Madoff Feeder Fund Settlements

12/12/14

A series of settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme will go before a bankruptcy judge Wednesday in Manhattan for final approval.

The settlements include a $95 million deal struck with Senator Fund SPC, an investment fund that parked all of its money with Mr. Madoff, and a $497 million deal to collect money from Herald Fund SPC and Primeo Fund.

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Rothstein Creditors Set to Be Paid in Full

12/10/14
In this July 27, 2009 photo, Scott Rothstein is shown in his former office.
Associated Press

Some of Ponzi scheme-operator Scott Rothstein’s law firm credi

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The Daily Docket: Former Madoff Operations Director Sentenced

12/09/14

The leader of Bernard Madoff’s broker-dealer business was sentenced to 10 years in prison on Monday for aiding one of the largest financial frauds in U.S. history with “his meticulous bookkeeping and averted eye,” reports WSJ.

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The Daily Docket: Teen Retailer Delia*s to Shut Doors

12/05/14

Teen clothing retailer Delia*s Inc. will file for bankruptcy and shut down after it couldn’t find a merger partner or another source of money to survive after years of steady losses, The Wall Street Journal reports. The retailer’s shelves could start emptying as early as Friday in going-out-of-business sales.

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The Daily Docket: NII Holdings Strikes Deal With Bondholders

11/25/14

NII Holdings Inc. on Monday announced a restructuring deal that would put the Latin American Nextel carrier in the hands of its bondholders. Read Joe Checkler’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Madoff Bankruptcy Trustee Strikes Another Clawback Deal

11/19/14

An investment fund that parked all of its money with Bernard Madoff has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to the biggest Ponzi scheme ever. Read Sara Randazzo’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Madoff Trustee Claws Back Another $500 Million

11/18/14

A new legal settlement will bring in nearly $500 million for Bernard Madoff ’s cheated investors, putting their total recovery to date above $10 billion. Read Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal.

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Bankrutpcy Judge Shuts Down Sam Wyly Book Projects

11/06/14
Texas entrepreneur Sam Wyly arrives at federal court in New York in May for closing arguments his civil trial.
Associated Press

The team of

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The Daily Docket: Bankruptcy Judge Delays Key Trump Taj Mahal Ruling

11/06/14
Trump Entertainment

As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Enterta

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The Broke and the Beautiful: OITNB Edition

10/24/14

This week on The Broke and the Beautiful, Teresa Giudice will serve time in the prison that was the setting for “Orange Is the New Black,” and the Backstreet Boys settled with former boy-band mogul Lou Pearlman. Also, Girls Gone Wild made a settlement with the Hottest Girl in America 2010.

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