Definition of Madoff “cooperation” shifts as government pushes for jail
GenevaLunch News Government prosecutors in New York, USA, Monday asked that Bernard Madoff be sent to jail rather than remain free on $10 million bond, saying he is a flight risk after sending gifts of...
View ArticleLatest Ponzi scheme went through Geneva bank, says SEC
GenevaLunch News New York, USA and Geneva, Switzerland (Le Temps and 20 Minutes/afp, Fre) – The latest financial fraud scheme to be discovered by the SEC, it reports, appears to have involved a Geneva...
View ArticleCricket and money man Allen Stanford arrested in US
GenevaLunch News Texas billionnaire and Antigua cricket team backer Allen Stanford was arrested in Virginia, USA, on a charge related to investigations by the US Securities and Exchange Commission that...
View ArticleMadoff forfeits $170 billion fortune
GenevaLunch News Bernard Madoff, the disgraced investor and former SEC chairman who will be sentenced in a court in New York Monday, has been ordered by the judge to forfeit his fortune of $170...
View ArticleMadoff handed 150 years in prison
GenevaLunch News Bernard Madoff has been sentenced to 150 years in prison in New York, USA. The judge called his crimes “extraordinarily evil” and handed him the sentence asked for by prosecutors, for...
View ArticleBernie Madoff has terminal cancer: NY Post
GenevaLunch News Convicted mass fraudster Bernard Madoff, sentenced to 150 years prison for defrauding investors around the world of $65 billion, is reportedly very ill with cancer of the pancreas,...
View ArticleUS court filing points Madoff finger at UBS
GenevaLunch News Zurich, Switzerland (GenevaLunch) - UBS denies as “completely unfounded and without merit” charges 24 November by Bernard Madoff’s trustee, says Bloomberg, which quotes an e-mail...
View ArticleMadoff son’s death ruled suicide
GenevaLunch News Mark Madoff, 46, the son of convicted Ponzi scheme author Bernard Madoff, was found dead Saturday 11 December, hanging from a pipe in his living room in Soho, Manhattan in New York. He...
View ArticleStanford gets 111 years, slightly fewer than Madoff
GenevaLunch News GENEVA, SWITZERLAND – Big spender Texan Allen Stanford had his day in court, and it wasn’t a good one for him. But the middle income clients who say he fleeced them of their limited...
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