Gambling eyed for Agape World’s upstate land
A 900-acre parcel of land near the Canadian border now owned by the Agape World bankruptcy trustee is still being promoted as a site for a possible casino by local elected officials. Agape World, the...
View ArticleAugust auction date for 900-acre Agape World land
A 900-acre parcel of land near the Canadian border owned by the Agape World bankruptcy trustee will be auctioned August 1 in Plainview. Agape World, the Hauppauge-based $400 million Ponzi scheme...
View ArticleMadoff trustee wants victims to get more money
Victims of imprisoned Bernard Madoff‘s Ponzi scheme could be getting back more of their stolen money. Irving Picard, the trustee in charge of liquidating Madoff’s assets, is asking a New York court for...
View ArticleLast parcel of former Agape World-owned land sold
Two bidders paid a total of $280,000 and $60,000 in back taxes to split more than 900 upstate acres formerly owned by Agape World, the Hauppauge-based $400 million Ponzi scheme perpetrated by Nicholas...
View ArticleMadoff victims getting $2.5B from trustee
Securities Investor Protection Act Trustee Irving H. Picard on Thursday said checks for $2.479 billion, the second distribution of recovered funds, were mailed on Wednesday to 1,230 accounts.
View Article4 years in, Madoff trustee still pursuing assets
Irving Picard and a team of attorneys have secured nearly $9.3 billion of the $17.5 billion that thousands of investors put into Madoff's sham investment business.
View ArticleJPMorgan, MF Global trustee reach agreement
JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts.
View ArticleTrustee sends out $506M to Madoff scam victims
A court trustee is paying $506 million to victims of Bernard Madoff's Ponzi scheme in a attempt to repair some of the financial devastation caused by the fraud.
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