Grand jury indicts ex-Madoff programmers

2010-03-17T15:46:17Z

<div><p>NEW YORK (Reuters) - A U.S. grand jury formalized criminal charges on Wednesday against two former computer programmers at swindler Bernard Madoff's firm, alleging they conspired with others to falsify investor records using a special program.</p><p>The two men, Colorado man has been indicted on suspicion of violating securities fraud laws while he was being prosecuted in an unrelated securities fraud case, Colorado Attorney General John Suthers announced. </p><p>According to the indictment,

Madoff family challenges NY trustee claims

2010-03-16T16:15:20Z

<div id="subtitle">Madoff's brother, sons seek dismissal of complaints in NY court alleging they were in on fraud</div><div><p>Members of Bernard Madoff's family want civil complaints alleging they were in on the disgraced financier's massive securities fraud thrown out.</p><p>The accusation by a trustee liquidating Madoff's assets "is a sensationalistic attempt to lump together members of the Madoff ...

Madoff brother and sons attack trustee's claims

2010-03-16T09:00:21Z

<div><p>NEW YORK (Reuters) - Lawyers for swindler Bernard Madoff's brother Peter attacked as "sensationalistic" a trustee's allegations that he should have known about the historic multibillion dollar fraud and stopped it while he was an executive at the Madoff firm.</p><p>In court documents filed on Monday night asking for dismissal of a $198.7 mi...

Madoff victims may appeal directly to 2nd Circuit

2010-03-08T15:01:13Z

<div><p>NEW YORK (Reuters) - The judge overseeing the liquidation of Ponzi schemer Bernard Madoff's investment firm has allowed victims unhappy with his ruling on how to calculate their losses to appeal directly to a federal appeals court.</p><p>Monday's ruling by Bankruptcy Judge Burton Lifla...

SEC: Miami couple defrauded Cuban-American elderly

2010-03-03T13:45:33Z

<div id="subtitle">SEC: Miami couple defrauded elderly Cuban-Americans in $135M real estate investment scam</div><div><p>The Securities and Exchange Commission charged a prominent Miami couple Wednesday with operating a $135 million Ponzi scheme through a real estate investment scam that defrauded hundreds of people, mostl...

10th guilty plea in Galleon insider trading case

2010-03-03T11:00:32Z

<div id="subtitle">Largest hedge fund insider trading case ever produces 10th guilty plea in New York</div><div><p>A former vice president of California chipmaker Atheros Communications has pleaded guilty to insider trading charges. Ali Hariri becomes the 10th person to plead out of th...

Internet job site exec's cooperation earns no jail

2010-03-02T15:33:19Z

<div id="subtitle">NY judge finds it troubling that backdating stock options widespread in corporate America</div><div><p>A former top executive of the company that runs the Monster job search Web site was rewarded for cooperating in a backdated stock option probe with a sentence of no jail time Tuesday by a judge who said he was troubled that so many companies cheated.</p><p>U.S. District Judge Jed S. Rakoff...

Judge sentences ex-Monster counsel to probation

2010-03-02T15:15:13Z

<div><p>NEW YORK (Reuters) - A U.S. judge sentenced a former general counsel of recruitment services company Monster Worldwide Inc <MWW.N> to one-year probation after he pleaded guilty in 2007 and cooperated with a probe into a fraud over the backdating of millions of dolla...

Former Enron CEO could see new trial

2010-02-28T10:16:43Z

<div id="subtitle">Former Enron CEO wants high court to overturn his conviction on 'honest services' law</div><div><p>It's a 28-word word law that federal prosecutors have used for more than two decades to send high-profile public officials and corporate executives, including former Enron Corp. CEO Jeff Skilling, to prison.</p><p>But the ...

Former Director Of Operations For Madoff Daniel Bonventre Arrested

2010-02-25T14:48:01Z

NEW YORK - FEBRUARY 25: Daniel Bonventre, former director of operations for disgraced financier Bernard Madoff, is escorted out of court February 25, 2010 in New York City. Bonventre faces federal securities and tax fraud charges in connection with Madoff's $65 billion...

Former Madoff aide charged with cooking books

2010-02-25T13:45:19Z

<div id="subtitle">Former Madoff operations director arrested, accused of helping swindler cook the books</div><div><p>Bernard Madoff's claim to have pulled off his multibillion dollar swindle without assistance fell apart further Thursday, as one of his longtime aides was charged with helping him cook the books.</p><p>Daniel Bonventre, an accountant who worked for Madoff since the late 1960s, was arr...

U.S. accuses ex-Madoff exec with broad role in fraud

2010-02-25T12:31:15Z

<div><p>NEW YORK (Reuters) - A former executive for imprisoned swindler Bernard Madoff's firm was arrested on Thursday on charges of concealing the scope of the multibillion-dollar fraud and using at least $750 million of investor money to support the company's trading arm.</p><p>Daniel Bonventre, was described by investigators as the director of o...

Ex-Madoff investors sue agency SIPC over claims

2010-02-24T15:00:31Z

<div><p>NEW YORK (Reuters) - Some of Bernard Madoff's defrauded investors opened a new legal front on Wednesday to get their money back, accusing the federal agency overseeing the distribution of assets left from the epic swindle of fraud.</p><p>In a lawsuit seeking class-action status and filed with the Florida hedge fund manager who bilked millions of dollars from investors, then briefly disappeared as investigators closed in, pleaded guilty to securities fraud Wednesday.</p><p>Arthur Nadel, 77, apologized for his conduct as he entered the plea before a federal judge in Reuters) - U.S. prosecutors argued on Tuesday that Galleon hedge fund founder Raj Rajaratnam, indicted on fraud charges in a sprawling insider trading probe, would have an unfair advantage if a civil trial ...

US marshals arrest Ohio sister of fugitive ex-exec

2010-02-22T09:48:19Z

<div id="subtitle">US marshals say Ohio woman obstructed search for fugitive sister in $1.9B corporate fraud case</div><div><p>A woman whose sister fled after being convicted in a $1.9 billion corporate fraud scheme was arrested Friday on charges she impeded the government's search for her sibling, federal authorities said.</p><p>Linda Case, 66, faces charges of obstruction...

Madoff's brother, sons subject of criminal tax-fraud cases: WSJ

2010-02-22T09:55:45Z

<div><p>(Reuters) - The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall Street Journal reported, citing people familiar w...

Path cleared for plea by former Intel executive

2010-02-22T12:39:55Z

<div id="subtitle">NY prosecutors' filings indicate plea imminent by former Intel exec in insider trading case</div><div><p>Federal prosecutors filed court papers Thursday indicating a former Intel executive charged in a massive insider trading case has agreed to waive indictment, a necessary step before a guilty plea can be entered.</p><p>The move clears the way for

Civil Madoff-related fraud charges dismissed

2010-02-22T12:34:22Z

<div id="subtitle">Judge dismisses civil Madoff-related securities fraud charges against N.Y.-based company</div><div><p>Finding accusations "speculative and flimsy," a judge has dismissed civil securities fraud charges against a New York brokerage firm and its executives that resulted from a probe into Bernard Madoff's epic fraud.&am...

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