Posts Tagged ‘Ponzi scheme’

Madoff Trustee Fees: Hours Game

December 4, 2013

Chidem Kurdas

Next week a hearing is to be held about the fees and other expenses (more…)

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Stanford Sentence Expected to Stand

November 14, 2013

Chidem Kurdas

Allen Stanford has until (more…)

SEC Claims Authority in Stanford Appeal

May 28, 2013

Chidem Kurdas

Last week, just before Memorial Day weekend, the US Securities and Exchange Commission filed a reply to (more…)

Stanford Victims’ Good and Bad News

April 23, 2013

Chidem Kurdas

The myriad politicians and political committees who received money from the fraudster Allen Stanford (more…)

Stanford Assets Under Government Threat

March 18, 2013

Chidem Kurdas

Here’s another instance of how Allen Stanford left his victims in an even worse mess than Bernard Madoff (more…)

Stanford Turf Battle Ends, Receivers Gain

March 12, 2013

Chidem Kurdas

Allen Stanford claimed to have more than 30,000 clients in 133 countries. When (more…)

Stanford Beneficiaries Lose in Courts

January 24, 2013

Chidem Kurdas

The political and investment beneficiaries of Allen Stanford’s Ponzi scheme have little recourse left in their efforts to keep the money they received from him. Yesterday a District Court (more…)

Madoff Trustee Partners’ Bonanza

November 8, 2012

Chidem Kurdas

The Madoff estate’s government-appointed bankruptcy trustee, Irving Picard, apparently required immense amounts of counsel from (more…)

Why SEC Needs New Chair

September 19, 2012

Chidem Kurdas

Robert Allen Stanford stayed one step ahead of the law and kept his con game going against the odds (more…)

Madoff Lesson: Avoiding the Ivy Conflict

February 1, 2011

Chidem Kurdas

It might be called the Ivy question in assessing an advisor, one of the lessons investors take from the Madoff disaster.

Lawrence Simon and Howard Wohl, who founded Ivy Asset Management in 1983, met Bernard Madoff in 1987. They not only invested with him but also brought to him other asset managers who paid them fees for the privilege of being introduced to Mr. Madoff.  In the early 1990s Messrs. Simon and Wohl heard rumors. By 1997 they had evidence that Madoff was not doing what he said he was doing.   (more…)