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Bernie Madoff dies: Ponzi schemer and former Palm Beacher dead at 82

Bernie Madoff, the once hailed Wall Street wunderkind who turned out to be a criminal mastermind, died in prison on Wednesday. But one place where he preyed on his wealthiest victims the uber-rich enclave of Palm Beach has moved on from the disgraced financier after his Ponzi scheme fell apart in 2008. For most on the island these days, Madoff is more of a punch line than a sucker punch.  My impression now is that the real anger and resentment has dissipated,  said Richard Rampell, a retired certified public accountant on Palm Beach who had several clients who lost money to Madoff.

2nd Circ Judge Chin Leaving Seat, Along With Pa Trial Judge

ADVERTISEMENT ADVERTISEMENT 2nd Circ. Judge Chin Leaving Seat, Along With Pa. Trial Judge Law360 (February 1, 2021, 7:06 PM EST) Second Circuit Judge Denny Chin and a Pennsylvania federal district judge will take senior status this year, entering a form of semiretirement that will give President Joe Biden a fifth appellate vacancy to fill, the federal judiciary reported over the weekend. Judge Chin will take senior status June 1 after more than a decade on the appeals court and 15 years as a trial judge in the Southern District of New York, where he sentenced Bernie Madoff for his infamous Ponzi scheme. U.S. District Judge Timothy J. Savage will enter senior status March 1 after nearly two decades in the Eastern.

Bernie Madoff victims receiving more money 12 years after his arrest

Overseers of two programs to compensate victims of Bernard Madoff s Ponzi scheme have announced $679 million of new payouts, ahead of Friday s 12th anniversary of the now-imprisoned swindler s arrest. The U.S. Department of Justice said that on Thursday it began paying out approximately $488 million to help individuals, schools, charities, pension plans and others recoup their losses. On Wednesday, Irving Picard, the trustee liquidating the former Bernard L. Madoff Investment Securities LLC, said he will seek court approval next month to distribute an additional $190.8 million to more than 800 former Madoff customers. Following the payouts, the government will have sent close to $3.2 billion to nearly 37,000 victims from a $4.05 billion fund set up in 2013, while Picard will have sent $14.1 billion to Madoff customers he has estimated lost $17.5 billion.

Bernard Madoff victims receiving more money, 12 years after his arrest

Bernard Madoff victims receiving more money, 12 years after his arrest
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