DiPascali, Madoff Accomplice Denied Bail, Again
Posted on 28. Oct, 2009 by Shera Crossan in Business & Finance, Events, Israel & Jewish Issues, Shera Crossan, Top Stories
A judge in New York challenged the government to prove that jailed financier Bernard Madoff’s former finance chief is a valuable cooperator Wednesday, implying he may only be pretending to help prosecutors in the hopes of garnering a lighter sentence.
U.S. District Judge Richard Sullivan turned down a bail request for Frank DiPascali a second time, [...]
Madoff Associate Found Dead in Pool
Posted on 26. Oct, 2009 by Shera Crossan in Business & Finance, Economy, Events, Hidden Crimes, Israel & Jewish Issues, Shera Crossan, Top Stories
The death of Jeffry Picower, accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys said. Picower’s wife, Barbara, on Sunday discovered the 67-year-old’s body at the bottom of the pool at their oceanside [...]
Madoff Hires Consultant to Find Best Jail
Posted on 05. Jul, 2009 by Shera Crossan in Commentary, Events, Feedback, Israel & Jewish Issues, Opinion, Shera Crossan
After his sentencing this week Madoff, now Prisoner No 1727-054, met Herb Hoelter, of the National Center for Institutions and Alternatives, whose previous clients include the jailed Sotheby’s chairman Alfred Taubman and the financiers Michael Milken and Ivan Boesky. The draconian maximum sentence imposed by the judge means that Madoff, 71, will be assigned to [...]
Master swindler Madoff to be sentenced Monday
Posted on 25. Jun, 2009 by Shera Crossan in Business & Finance, Feedback, Israel & Jewish Issues, Shera Crossan, Top Stories
Madoff’s fall from grace since his shock arrest in December will be complete when he returns to a New York courtroom Monday for sentencing after pleading guilty to one of the biggest, most complex financial scams in history.
Once the darling of the markets who was believed to have the Midas touch, the former chairman of [...]
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