August 10, 2023
The Second Circuit on Thursday affirmed a district court decision that the liquidation trustee of Bernie Madoff's company can claw back $16.9 million from a group of the Ponzi schemer's investors, reiterating its approved method of calculating money belonging to customers.
September 20, 2022
The Second Circuit on Tuesday affirmed a New York federal judge's decision ordering an investor of Bernie Madoff's sprawling Ponzi scheme to return nearly $3 million in fictitious profits, saying the investor's arguments about ownership of Madoff's checking accounts were unavailing.
March 16, 2022
The Second Circuit appeared skeptical Wednesday of a Bernie Madoff investor's attempt to hold on to $3 million in fictitious profits from the notorious Ponzi scheme based on claims that the funds came out of Madoff's personal bank accounts.