Landlord known as the ‘Bernie Madoff’ defaults on ‘The Nanny’ building: lawsuit
Landlord in Trouble Over Manhattan Property Linked to “The Nanny” A new lawsuit claims that landlord Steven Kloman, notoriously nicknamed “Landlord Bernie Madoff” due to his past controversies, owes significant money to Fannie Mae concerning a well-known Manhattan building. According to filings in Manhattan, Kloman has defaulted on a multimillion-dollar loan for the Upper East […]
Madoff trustee advises NYC couple to split their luxury Manhattan condo to help repay fraud victims
Madoff Trustee Sells Manhattan Apartment to Compensate Victims The trustee managing Bernie Madoff’s real estate assets has sold a large Manhattan apartment to a notable couple, reallocating two-thirds of the property to aid in compensating those affected by the late Ponzi schemer’s fraud. Irving Picard, the attorney who managed to retrieve almost $15 billion following […]
Bernie Madoff whistleblower raises concerns about the ‘woke’ CFA Institute
Financial Analyst Calls for Changes at CFA Institute A seasoned financial analyst is voicing concerns about leadership at the CFA Institute, urging for reform after previously warning clients about Bernie Madoff’s fraudulent activities. Chris Cutler, a long-standing member of the CFA and a former vice-chairman of the CFA Association in New York, has reached out […]
Bernie Madoff victims get final $131M payout from compensation fund, bringing total to a whopping $4.3B: feds
Victims of notorious pyramid schemer Bernie Madoff have received their final payments, with total payments from the compensation fund exceeding $4.3 billion, the Federal Reserve announced Monday. The Madoff Victims Fund has begun distributing its 10th and final payment of $131.4 million to more than 23,000 victims around the world, according to the Manhattan U.S. […]
Teachers’ Minn. pension fund under Tim Walz ‘cooking the books’ by vastly underreporting fees: ‘Madoff miracle’ – New York Post
Minnesota Gov. Tim Walz’s public school teachers’ retirement system “falsified the books” by dramatically under-reporting the annual fees it paid to Wall Street investment managers, posting nearly impossible gains that rivaled the “Madoff miracle,” a top pension investigator said. The state Teachers Retirement Association has disclosed less than 10 percent of the estimated $2.9 billion […]