Find Your Daily Voice
Armonk
Your Local News for Armonk, New York
Monday, dec 16
44°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Armonk
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
44°
Monday, dec 16
Tag:
Bernie Madoff
News
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce
Thousands of Bernie Madoff’s Ponzi scheme victims will be receiving their portions of the latest distribution of more than $370 million. US Attorney for the Southern District of New York Damian Williams announced that the Madoff Victim Fund will be distributing approximately $372 million to 40,000 victims worldwide who were involved in the fraud scheme. Earlier Report: Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions To date, approximately $4 billion has been distributed to Madoff’s victims. Williams said that this eighth payment will bring the victims’ total re…
News
Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions
Thousands of Bernie Madoff’s Ponzi Scheme victims will be receiving their portions of the latest distribution of nearly $500 million. Acting U.S. Attorney for the Southern District of New York Audrey Strauss announced that the Madoff Victim Fund will be distributing approximately $488 million to more than 37,000 of his victims involved in the fraud scheme. To date, approximately $2.7 billion has been distributed to Madoff’s victims. Strauss said that this sixth payment will bring the victims’ total recovery to 80.05 percent of their losses. Ultimately, more than $4 billion will be returne…
News
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…
Sports
Hedge Fund Billionaire Takes Steps To Purchase New York Mets
Many New York Mets fans may have their wishes granted as Greenwich hedge fund billionaire Steve Cohen, a Long Island native, is taking steps to purchase the majority of the team from the Wilpon family. Sterling Partners, the Wilpon’s family business, has reportedly entered talks to sell up to 80 percent of its shares of the Major League baseball team to Cohen, who is already an investor in the club. If completed, the transaction would value the franchise at approximately $2.6 billion. Under the proposed agreement, Fred Wilpon would remain as CEO for five more years, and Jeff Wilpon will con…
News
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…
News
New Payoff To Thousands Of Victims Of Madoff Ponzi Scheme Totals $695 Million
Thousands of Bernie Madoff’s Ponzi Scheme victims will soon see some relief, as the Department of Justice begins the latest distribution of nearly $700 million. This week, the Madoff Victim Fund, which was established by the DOJ, began distributing $695.4 million in funds that were forfeited to the government in connection to Madoff’s scheme. The money will be distributed to more than 27,000 of Madoff’s victims, many of whom call the area home. The latest distribution marks the third in a series of payments from the Madoff Victim Fund as part of Madoff’s fraud, which totaled more than $4 bi…