HSBC takes $1.1bn hit as fallout from Bernie Madoff's Ponzi scheme lingers

HSBC has set aside $1.1billion to cover potential costs arising from a lawsuit related to Bernard Madoff's Ponzi scheme.
New York Post

Bernie Madoff whistleblower sounds alarm on ‘woke’ CFA Institute

A veteran financial analyst who alerted clients to fraudster Bernie Madoff long before his infamous Ponzi scheme unraveled is now sounding the alarm on the “woke” management at the CFA Institute, On ...

HSBC Braces for $1.1 Billion Hit From Madoff Lawsuit

A Cayman Islands fund sued Europe’s biggest bank soon after Bernie Madoff’s Ponzi scheme unraveled, alleging HSBC had failed to protect its assets.

Banks are still compensating investors over Madoff fraud. Another $1.1 billion might be paid out.

As of December 2024, the Madoff Victim Fund, created by the U.S. Department of Justice to return stolen funds, said it has ...
The Atlantic

One Year Later, Still Shaking Our Heads at Bernie Madoff

One year after Bernie Madoff admitted to masterminding the biggest Ponzi scheme ever, columnists say the fallout from the scandal is far from over. The $50 billion dollar scam bankrupted hundreds of ...
New York Post

Madoff trustee tells NYC power couple to divvy up swanky Manhattan condo to compensate fraudster’s victims

The hard-charging trustee of Bernie Madoff’s estate is pushing a New York City power couple to break up their super-sized Manhattan apartment — and sell two-thirds of its square footage to compensate ...