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Geoffrey Berman

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New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims
New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims Thousands of Bernie Madoff’s Ponzi Scheme victims will be receiving their portions of the fifth distribution of more than $378 million this week. U.S. Attorney Geoffrey Berman announced that the Madoff Victim Fund will be distributing $378.5 million to more than 26,000 of his victims involved in the fraud scheme. To date, approximately $2.7 billion has been distributed to Madoff’s victims. Berman said that the fifth payment will bring the victims’ total recovery to 73.65 percent of their losses.  Ultimately, more than $4 billion will be returned due to losses suffered in Madoff’s Ponz…

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by Zak Failla
News
Madoff Ponzi Scheme Victims To Get New $469M Distribution, Bringing Payout To $2.4B Madoff Ponzi Scheme Victims To Get New $469M Distribution, Bringing Payout To $2.4B
Madoff Ponzi Scheme Victims To Get New $469M Distribution, Bringing Payout To $2.4B Thousands of Bernie Madoff’s Ponzi Scheme victims will see some more relief as the Department of Justice begins the latest distribution of more than $469 million. This week, the Madoff Victim Fund, which was established by the DOJ, began distributing $469.6 million in additional funds that were forfeited to the government in connection to Madoff's scheme. The money will be distributed to more than 27,000 victims, bringing the total to approximately $2.4 billion. The latest distribution marks the fourth in a series of payments from the Madoff Victim Fund as part of Madoff’s fraud, which tot…

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by Zak Failla
News
Four Charged With Gun Trafficking, Drug Distribution In Riverside Area Four Charged With Gun Trafficking, Drug Distribution In Riverside Area
Four Charged With Gun Trafficking, Drug Distribution In Riverside Area Four men are facing federal charges for allegedly trafficking firearms and distributing crack cocaine in and around the southern border of Westchester and Fairfield counties. U.S. Attorney Geoffrey Berman and the FBI announced that Walter Jones, Frank Maxwell, Markel Calhoun and Jamar Calhoun have been charged with weapon and drug charges for alleged offenses that centered in Port Chester. In March and February last year, Jones and Markel Calhoun allegedly conspired to traffic weapons and sold four firearms in Port Chester and Riverside in Greenwich. During that same period, the two were un…

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by Zak Failla
Politics
CT Man Admits To Pay-For-Play Scheme With Ex-Aide To NY Gov. Cuomo CT Man Admits To Pay-For-Play Scheme With Ex-Aide To NY Gov. Cuomo
CT Man Admits To Pay-For-Play Scheme With Ex-Aide To NY Gov. Cuomo A former executive at a Hudson Valley-headquartered power plant pleaded guilty to bribery for his role in a pay-to-play scheme involving a Northern Westchester resident and former top aide to Gov. Andrew Cuomo. Former Competitive Power Ventures (CPV) executive Peter Kelly, 54, admitted in Manhattan Federal Court on Friday that to further his relationship with South Salem resident Joseph Percoco, he helped hire Percoco's wife to a $90,000, low-show job at CPV.  The guilty plea entered by Kelly, who is known as "Braith" and is a resident of Canterbury, Conn., was for defrauding CPV …

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by Joe Lombardi
News
Wilton Man, 49, Sentenced For Multimillion-Dollar Fraud Scheme Wilton Man, 49, Sentenced For Multimillion-Dollar Fraud Scheme
Wilton Man, 49, Sentenced For Multimillion-Dollar Fraud Scheme A 49-year-old Wilton man was sentenced to more than three years in prison Tuesday for using hedge-fund money for his own personal use as part of a $6 million-plus Ponzi scheme. Steven Simmons was sentenced to 37 months in prison by U.S. District Judge Kimba M. Wood. Simmons, who solicited over $6 million in investments for a hedge fund, misappropriated nearly $2 million of these funds for his own use and that of a co-conspirator, said Geoffrey Berman, the United States Attorney for the Southern District of New York. Other investor funds solicited by Simmons were used by the owner of the He…

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by Joe Lombardi
News
Four Charged In Sex Trafficking Ring That Included CT Hotels, Motels Four Charged In Sex Trafficking Ring That Included CT Hotels, Motels
Four Charged In Sex Trafficking Ring That Included CT Hotels, Motels A Westchester resident is among four men facing charges for their roles in allegedly trafficking women for sex in multiple states. Geoffrey Berman, the United States Attorney for the Southern District announced the arrest of the four on Tuesday, including 49-year-old Bronxville resident Guixia Wu “stemming from a conspiracy to engage in the interstate trafficking of women, primarily Chinese nationals, for the purpose of prostitution." The women were reportedly moving into and out of hotels and motels in seven states, including New York and Connecticut. According to the indictment unse…

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by Zak Failla