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Geneva's public prosecutor Dario Zanni, confirmed on June 20, 2009, that he had opened a criminal investigation into allegations that Banco Santander SA's Optimal Investment Services S.A., based in Geneva, defrauded clients by misrepresenting its relationship with Madoff and the due diligence it was carrying out on Madoff's activities. The ...
She is the daughter of Peter Madoff, and a niece of Bernie Madoff, who employed her as a compliance officer and attorney at Bernard L. Madoff Investment Securities (BLMIS) from 1995 until 2008. [5] In December 2008 BLMIS was discovered to be a $65 billion Ponzi scheme, and closed as part of the Madoff investment scandal.
Peter Madoff helped create the computerized trading system used by the firm and his daughter, Shana Madoff Swanson, worked for him at the firm as a rules and compliance officer and attorney. In 2007 she married Eric Swanson , whom she had met as he was conducting an SEC review of the firm in 2003 as an SEC assistant director.
Madoff pled guilty in 2009 to 11 felonies, and admitted he used his wealth management business to create a massive Ponzi scheme which enriched himself, his family and others. Madoff was sentenced ...
The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors.
Ruth Madoff currently lives in a 4,000 square foot waterfront home in Old Greenwich, Connecticut, which is owned by her daughter-in-law, Susan Elkin (the first wife of Mark Madoff), the Post says ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, the ...