Bernard L. Madoff’s ex-controller told a jury the con man held a meeting of his inner circle in 2005 to discuss ways to hide mounting losses in his legitimate broker-dealer unit, saying, “We all know what we do here.”
Bernard Madoff’s former controller, part of his inner circle for three decades, told a jury she’s testifying against five ex-colleagues in a bid for leniency when she’s sentenced for aiding the con man’s $17 billion fraud.
A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.
The trustee liquidating Bernard Madoff’s investment company to repay victims won a court ruling easing his ability to sue customers of feeder funds that profited from the con man’s $17 billion Ponzi scheme.
Bernard Madoff’s account statements were full of discrepancies that could be found by comparing the purported trades to published data, a forensic accountant told jurors in the trial of five of the con man’s former employees.
JPMorgan Chase & Co., under siege on multiple fronts by state and federal prosecutors investigating alleged wrongdoing at the largest U.S. bank, is in talks with federal prosecutors in New York to resolve allegations it helped facilitate Bernard Madoff’s crimes.
The trustee liquidating Bernard Madoff’s firm appealed to the U.S. Supreme Court, aiming to revive lawsuits that seek billions of dollars from banks including JPMorgan Chase & Co. and HSBC Holdings Plc.