Archive for December 15th, 2008

SIPC To Liquidate Bernard L. Madoff Investment Securities

A federal judge has appointed a trustee to liquidate Bernard L. Madoff Investment Securtites under the auspices of the Securities Investor Protection Corp. (SIPC). SIPC went to court earlier today to seek liquidation. Irving H. Picard will serve as trustee. The law firm of Baker & Hostetler will serve as counsel to Picard. “I will […]

BREAKING NEWS: AdSurfDaily Says Judge Lacks Jurisdiction

AdSurfDaily Inc. has filed a defense in the civil-forfeiture case brought by the U.S. Secret Service and federal prosecutors in Washington, D.C. The firm is asking for a jury trial. Among the most interesting defenses is that the case was brought in the wrong court — U.S. District Court for the District of Columbia — […]

Bowdoin, Busby, Garner: Still No Attorneys In RICO Case

Nearly a month after being named defendants in a civil racketeering lawsuit filed in Florida, Ad Surf Daily President Andy Bowdoin, Golden Panda President Clarence Busby and ASD attorney Robert Garner have not filed notice with the court naming their attorneys. Such notices typically are filed by the attorneys themselves and are designed to notify […]

Madoff Victims Include Foundations, Business And Entertainment Icons, Mom And Pop

The foundation of Nobel laureate Elie Wiesel and a charity operated by Hollywood icon Steven Spielberg were among the potential victims of Bernard L. Madoff Investment Securities, the Wall Street Journal reported today. Madoff, 70, was arrested last week. He is charged with defrauding investors and acknowledged he’d been running a giant investment Ponzi scheme […]