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On Sunday, Los Angeles-based money manager Stanley Chais died. He was 84. At the time of his death, Chais was under investigation for his involvement with Bernard Madoff. The manager of three ...
Stanley Chais (March 27, 1926 – September 26, 2010) was an American investment advisor, money manager, and philanthropist. He operated "feeder funds" which collected money for funds related to the Madoff investment scandal. The widow, family, and estate of Chais settled with Madoff trustee Irving Picard in 2016 for $277 million.
Stanley Chais, 84, American investor involved in Madoff investment scandal, blood disorder. [312] Johnny Edgecombe, 77, British jazz promoter, inadvertently alerted authorities to the Profumo affair, lung cancer. [313] Stan Heath, 83, American football player (Green Bay Packers) and CFL player (Calgary Stampeders), throat cancer. [314]
Stanley Chais was a wealthy investment advisor from Beverly Hills, California, who was accused of steering money to private interests, including Madoff, through Chais's Brighton Co., a limited partnership formed to manage money. He took about 3.8% of the profits as management fees.
Bernie Madoff was the mastermind behind a $65 billion Ponzi scheme and a new Netflix doc explores his crimes. What to know about his life and death in prison. Bernie Madoff's Sons Both Died In The ...
Federal investigators of the Madoff ponzi scheme expanded their criminal investigations to include some high profile investors who may have known about Bernie Madoff's massive fraud. Two ...
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $ 65 billion. [ 1 ]
Suicide Mark Madoff seems like the latest victim of joblessness. During the two years after his father Bernie Madoff's Ponzi scheme was outed, Mark tried and couldn't find work. As the Daily News ...