Ponzi scheme

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Nova Scotia pair sanctioned for Ponzi scheme

The Nova Scotia Securities Commission has reciprocated a Florida District Court order with sanctions against Nova Scotia resident Robin States. States, also known as Gregory Hampton, was operating as Infinity Online Investors Group. The hearing against Bernadette Bowden, also known as Bernadette States, was adjourned to June 14, to give her an opportunity to consult […]

By Staff |May 18, 2012

2 min read

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Mets settle Madoff claim

The owners of the New York Mets have reached a deal with Irving Picard, trustee for Bernard Madoff's fraud victims. Mets principal owners, Fred Wilpon and Saul Katz will pay $162 million in a settlement reached Monday, but will make no payments for three years.

March 20, 2012

2 min read

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Former SEC lawyer settles Madoff claim

David Becker, the former top lawyer who came under fire for his part in the Securities and Exchange Commission’s decisions relating to Bernard Madoff, has agreed to pay more than $550,000 to the trustee overseeing the liquidation of Madoff’s company.

By Staff |February 28, 2012

1 min read

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UniCredit ducks charges in Madoff case

Italian bank UniCredit has succeeded in ducking the most serious claims against it, regarding its role in Bernard Madoff’s massive Ponzi scheme.

By Staff |February 22, 2012

1 min read