Irving H. Picard, the trustee seeking money for the victims of Bernard L. Madoff’s fraud, said it would have been difficult to recover any more than $162 million from the owners of the Mets.

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Trustee in Madoff Fraud Says Mets Owners Had Limited Ability to Pay

Fred Wilpon and Saul Katz on Monday settled the lawsuit brought against them by Irving H. Picard, the trustee for the victims of Bernard L. Madoff’s fraud, for $162 million.

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Mets’ Owners and Madoff Trustee Settle Suit

The Mets dropped their spring training opener to the Nationals after the team’s owners were ordered to pay up to $83 million to the trustee representing Bernard L. Madoff’s victims.

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Mets Players Unfazed by Legal Case Involving Owners

The former controller at Bernard L. Madoff’s investment firm pleaded guilty Monday to participating in Madoff’s fraud . Enrica Cotellessa-Pitz, 53, pleaded guilty to conspiracy, falsifying books and records , and making false filings to the Securities and Exchange Commission. He faces up to 50 years in prison. Read full article > >

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Enrica Cotellessa-Pitz pleads guilty to role in Madoff fraud

Enrica Cotellessa-Pitz, the former controller of Bernard L. Madoff Investment Securities, would be the sixth person, including Mr. Madoff, to admit to participating in his vast Ponzi scheme.

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DealBook: Madoff’s Ex-Controller Expected to Plead Guilty Next Week

A federal probe of possible market ma­nipu­la­tion and insider trading by a hedge fund manager was derailed when SEC officials found an agency supervisor had improper contact with the fund manager, according to a report by the SEC’s inspector general . The matter was disclosed Wednesday in inspector general H. David Kotz’s semiannual report to Congress. Read full article > >

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Probe of hedge fund chief dropped over SEC official’s alleged action, report says

A North Bethesda man ran a Ponzi scheme that cheated investors in the Washington area, including charities, out of millions of dollars, the Securities and Exchange Commission said Friday. Garfield M. Taylor told investors that they could earn annual returns of about 20 percent with little or no risk, and he showed one prospective client, a Baptist church, a fake letter of recommendation from the Charles Schwab brokerage firm, the SEC alleged. Read full article > >

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Millions lost in local Ponzi scheme

Over failure to stop Bernie Madoff.

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SEC Disciplines 7 Employees

The Securities and Exchange Commission , which failed to stop Bernard Madoff’s long-running investment fraud despite repeated warnings , has disciplined eight agency employees over their handling of the matter but did not fire anyone, according to a SEC spokesman. A ninth employee, who was facing a potential seven-day suspension, resigned before disciplinary action was taken, spokesman John Nester said. Read full article > >

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Eight SEC employees disciplined on failure to stop Madoff fraud

Robert De Niro is to star as disgraced financier Bernie Madoff in an HBO movie that he will also produce, according to reports.

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De Niro to play disgraced Madoff

“Everything that I think about the victims — it’s hard to face, because there’s nothing I can do about any of it,” Ruth Madoff said in an interview.

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Madoff Family Aims to Write Its Own Future

“Everything that I think about the victims — it’s hard to face, because there’s nothing I can do about any of it,” Ruth Madoff said in an interview.

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Madoff Family Aims to Write Its Own Future

“Everything that I think about the victims — it’s hard to face, because there’s nothing I can do about any of it,” Ruth Madoff said in an interview.

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Madoff Family Aims to Write Its Own Future

Ruth Madoff said in an interview that she and Bernard L. Madoff attempted suicide two weeks after the Ponzi scheme was exposed in 2008.

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Madoffs Tried to Commit Suicide, Wife Says

The first batch of checks for eligible victims of Bernard L. Madoff’s epic Ponzi scheme will go into the mail starting Wednesday.

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DealBook: Madoff Victims Set to Receive $312 Million Payout