TOP STORY

November 22, 2009

Computer Programmers Accused of Aiding Madoff Cover-Up

Federal prosecutors charged two computer programmers who worked for Bernard L. Madoff Investment Securities with aiding in the cover-up of a massive Ponzi scheme. The SEC also filed a separate civil complaint against the two defendants, Jerome O'Hara and George Perez.

NEW: Accountant Acknowledges Guilt, Casts Himself as Victim

NEW: Picower's Widow Seeks Trustee Deal After Filing of Will

NEW: 17 Rolexes, Fur Coats, Hermes Bags Set for Auction

NEW: Madoff Prosecutor Is Joining Cleary Gottlieb

• New Jersey: The Lautenberg Foundation v. Madoff
• New York: Bankrupty Trustee Picard's Motion for Hearing on "Net Equity" Issue
• New York: Irving H. Picard v. Harley International (Cayman) Limited
• New York: Irving H. Picard v. Jeffry Picower, the Picower Foundation, et al
• New York: Irving H. Picard v. J. Ezra Merkin, Gabriel Capital, et al
• Washington: Dennis v. Tremont Group Holdings
• New York: Nephrology Associates, PC Pension Plan v. Ariel Fund Ltd. et al
• Texas: Chavez v. Picard et al
• New York: Leonhardt v. Madoff et al

CIVIL

• Bloomberg.com: Madoff-Founded Cohmad Seeks Dismissal of $100 Million Lawsuit
• New York Law Journal: 2nd Circuit Says Adviser's Knowledge of Bayou Hedge Fund Fraud Not Proven
• Reuters: U.S. Clients May Sue Swiss Bank UBP Over Losses
• New York Law Journal: New Wave of Suits Focuses on 'Intense' Investor Relationships
• Bloomberg.com: Luxembourg Finance Minister: UBS, HSBC Have Duty to Madoff Investors
• The Associated Press: Fairfield Sentry Sues Fairfield Greenwich Over Fees
• The Associated Press: Merkin to Cede Control of Funds That Fed to Madoff
• The New York Times: $30 Million Paid So Far to Madoff Victims
• AmericanLawyer.com: Investors Attorneys Sue KPMG, Feeder Fund Over Losses
• AmericanLawyer.com: Investors Lob Fraud Charges at Madoff Feeder Fund in Amended
• New York Times: Suit Claims JPMorgan Aided Madoff's Fraud
• Reuters: Swiss Judge Allows Charges in Madoff Losses Case
• FINAlternatives: New Lawsuits Filed Against Madoff-Linked Hedge Funds
• Bloomberg.com: Meridian Diversified, Jeanneret Named in Madoff Suits
• Reuters: U.S. Investors Sue Madoff-Linked Broker for Fraud
• Bloomberg.com: Judge: Financier Merkin Testified in Madoff Probe
• Newsday.com: Suit Seeks $150 Million Linked to Madoff
• Daily Business Review: Madoff-Affiliated Firms Sued by Private Investment Fund
• New York Law Journal: N.Y. AG Sues Financier Over Madoff Losses
• New York Law Journal: Judge Extends Freeze on Peter Madoff's Assets
• Washington: Dennis v. Tremont Group Holdings
• New York: Nephrology Associates, PC Pension Plan v. Ariel Fund Ltd. et al
• Texas: Chavez v. Picard et al
• New York Times DealBook: Merkin Asks Judge to Modify Order in Madoff Case
• The Hartford Courant: Selectman Testifies on Conn. Town's Madoff-Related Losses
• Bloomberg: UBS Wins Lawsuit Over Money From Madoff-Linked Fund
• The National Law Journal: ERISA Class Action Filed Against Fund That Invested With Madoff
• New York: Serol Holding Corp. v. Banco Santander S.A., et al
• Pennsylvania: Pension Fund for Hospital and Health Care Employees -- Philadelphia and Vicinity; and Henry Nicholas v. Austin Capital Management LTD
• California: Eric Roth, as Trustee for the Vanessa Productions, LTD, Profit Sharing Plan v. Stanley Chais
• Connecticut: Maxam Absolute Fund v. McGladrey & Pullen, No. FBT-cv-09-5021972-5
• Florida: Inversiones Mar Octava Limitada and Marcelo Guillermo Testa v. Banco Santander S.A.
• New York: Repex Ventures v. Bernard L. Madoff, et al
• New York: David B. Newman and IRA F/B/O David Newman-Pershing LLC v. Family Management Corporation, et al
• New York: Edward B. Zemprelli v. Royal Bank of Scotland, et al
• New York: Pasha S. Anwar and Julia Anwar v. Fairfield Greenwich Group, et al
• New York: Richard Peshkin v. Tremont Group Holdings (and other Madoff feeder funds)
• California: Michael Chaleff v. Bernard L. Madoff, Bernard L. Madoff Investment Securities, Stanley Chais, and the Brighton Company, et al
• New York: New York Law School v. Ascot Partners L.P., J. Ezra Merkin and BDO Seidman LLP, et al
• New York: Scott Berrie v. Gabriel Capital, L.P., J. Ezra Merkin and BDO Seidman LLP
• New York: Irwin Kellner v. Bernard L. Madoff, Bernard L. Madoff Investment Securities LLC and John Does

CRIMINAL

• Reuters: Judge Defers Bail Ruling on Madoff No. 2 DiPascali
• The Am Law Litigation Daily: Federal Judge Rejects Restitution Approach for Madoff Victims
• The Am Law Daily: Calif. AG Sues Alleged 'Madoff Middleman'
• Bloomberg.com: Madoff Victims Oppose Feds' Hiring of Picard
• The Associated Press: Madoff Arrives at North Carolina Prison
• Bloomberg: Madoff Accountant Waives Indictment, May Plead Guilty
• CNBC: Madoff Headed for Prison in Butner, N.C.
• The Associated Press: Lawyer Says Madoff Won't Appeal His 150-Year Sentence
• The Associated Press: U.S., Britain Join Austria in Madoff-Related Probes
• The Associated Press: N.Y. Federal Judge Delays Restitution Order Three Months
• Boston Herald: Deal Bars Bernard Madoff From Finance Work
• New York Times DealBook: Madoff Victims Ask Judge for Maximum Sentence
• The Associated Press: Indictment Deadline Extended for Madoff Accountant
• Reuters: Criminal Probe of Madoff Accountant Extended
• Bloomberg.com: Brits Expect to Charge Madoff With Fraud
• New York Law Journal: Madoff Must Remain Jailed Until Sentencing, Panel Rules
• WSJ.com Law Blog: The Man Behind the Madoff Prosecution
• New York Law Journal: Madoff Led Off to Jail After Guilty Plea
• New York Law Journal: Government Files Notice Seeking Madoff Assets
• FoxNews.com: Ruth Madoff Court Filing Related to United States of America v. Bernard L. Madoff
• New York Law Journal: Madoff Pleads Guilty, Will Spend Rest of His Life in Prison
• New York Law Journal: With No Deal, Madoff to Plead Guilty to 11 Counts
• New York Law Journal: Madoff Waives Indictment, Set to Plead Guilty
• The Associated Press: Lawyers Say Madoff Must Have Had Help
• Bloomberg.com: Madoff Prosecutors Get 30 More Days for Indictment
• Bloomberg.com: Hedge Fund Manager Defended by Madoff's Lawyer Gets 40 Months
• Bloomberg.com: Madoff Victims Suspected a Crime, Just Didn't Care
• NYDailyNews.com: Charities Claim Ezra Merkin Invested Millions Without Permission
• New York: United States of America v. Bernard L. Madoff, Bernard L. Madoff Investment Securities LLC
• New York Law Journal: Madoff Ruled Not a 'Danger to Community,' Remains Under House Arrest
• New York Law Journal: Feds Step Up Efforts to Convince Court Madoff Should Be Jailed

BANKRUPTCY

• Bloomberg.com: Mets Entity May Be Sued for $48 Million Madoff Profit
• The Associated Press: Madoff Trustee Sues Madoff Family for Almost $200 Million
• Bloomberg.com: Trustee: Chais Transferred Money After Madoff's Arrest
• The Wall Street Journal: Madoff Trustee Seeks $7.2B From Florida Investor
• Bloomberg.com: Madoff Trustee to Review Swindled Victims' Claims
• Bloomberg.com: HSBC Sued by Madoff Trustee in $578 Million Clawback
• Bloomberg.com: Trustee Tells of $1.08 Billion Found for Victims
• The New York Times: 15,400 File Claims in Madoff Ponzi Scheme
• The New York Times: Madoff Trustee Seeks $1 Billion Harley Default Award
• The New York Times: Trustee's Total of Losses Nears $3 Billion
• Bloomberg.com: Madoff Victim Group Asks Judge to Invalidate Releases
• Am Law Daily: Picard Files Fairfield Feeder Fund Suit
• Guardian.co.uk: Judge OKs Banco Santander Settlement
• New York Post: Madoff Victims' Suit Claims SIPC Is Cheating Them
• New York Law Journal: Madoff Victims Blast Trustee's Valuations of Their Investments
• Reuters: Bankruptcy Judge OKs Consolidating Madoff Cases
• The New York Times: Victims of Madoff Seek Claims Overhaul
• Times Online: Search for Madoff Assets Pits Brits Against Americans
• The New York Times: Picard Takes Heat Over Claims
• Banking Business Review: Banco Santander Agrees to Pay $235M to Madoff's Victims
• Boston.com: Madoff Trustee Wants Names Kept Under Wrap
• Bloomberg: Talon Seeks Order for Madoff Trustee to Pay Jet Fees
• guardian.co.uk: Madoff Trustee Sues Fairfield Group for $3.5B
• guardian.co.uk: Trustee Picard Has Received 9,000 Claims; Madoff Sentencing Postponed to Late June
• guardian.co.uk: Madoff Trustee Seeks to Stop Kingate Fund Transfers
• The New York Times: Billions Withdrawn Before Madoff Arrest
• NY Times DealBook: Trustee Picard Writes About Unwinding the Fraud Fairly
• New York: Irving H. Picard v. Harley International (Cayman) Limited
• New York: Irving H. Picard v. Jeffry Picower, the Picower Foundation, et al
• New York: Irving H. Picard v. J. Ezra Merkin, Gabriel Capital, et al
• AmericanLawyer.com: Trustee Seeks $65,000 Clawback From Law Student Suing Madoff's Brother
• AmericanLawyer.com: Prosecutors Win Order Restraining Madoff Assets
• AmericanLawyer.com: Former Fried Frank Partner Joins Forces With Milberg
• Bloomberg.com: Madoff Trustee Said to Warn 223 on Possible Clawbacks
• AmericanLawyer.com: Milberg and Seeger Weiss File Petition to Send Madoff Into Bankruptcy
• AmericanLawyer.com: Judge OKs Interim Trustee in Hunt for Madoff Assets
• AmericanLawyer.com: Madoff Roundup: Trustee Picard's Busy Week
• NEWSInferno.com: Madoff Trustee Files First 'Clawback' Lawsuit
• Reuters: Judge Approves Sale of Madoff's Mets Tickets
• AmericanLawyer.com: Madoff Clients Make Push for Involuntary Bankruptcy
• Law.com: In Depth: Madoff Scandal Spotlights the SIPC
• AmericanLawyer.com: Baker & Hostetler's Picard Updates Madoff Creditors
• The Associated Press: Madoff Bankruptcy Judge Denies Motion on Claim Deadline
• AmericanLawyer.com: Starting Up the Madoff Subpoena Machine
• Newsday: On the Hunt for $1B in Madoff Assets in Ireland
• AmericanLawyer.com: Madoff Customer List Reveals More High-Profile Legal Names
• AmericanLawyer.com: Madoff Trustee Taps Lovells for Help in International Asset Hunt
• Bloomberg.com: Banks to Transfer $535 Million to Madoff Bankruptcy Trustee
• U.S. Senate: Read SIPC President's Statement Before Banking Committee
• The National Law Journal: Madoff Investors May Be on the Hook for 'Clawback' Suits
• The Associated Press: SIPC Mails Out 8,000 Claim Forms in Madoff Case
• New York: Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities
• New York: Securites and Exchange Commission v. Bernard L. Madoff, Bernard L. Madoff Investment Securities LLC
• SIPC: Notice to Madoff Customers and Creditors
• SIPC: Madoff Trustee Site
• SIPC: Madoff Bankruptcy Filings

SEC

• CNBC: All SEC Did Before 2006 a 'Waste of Time,' Madoff Said
• The New York Times: Suit Accuses SEC of Failing to Detect Madoff Scheme
• Bloomberg.com: SEC IG Spells Out How to Catch the Next Madoff
• Bloomberg.com: SEC to Enlist State Regulators on Tips
• The National Law Journal: SEC Attacked for 'Colossal Failure' Over Madoff
• Reuters: SEC Never Did 'Competent' Madoff Probe, Report Finds
• Reuters: SEC Probe of Madoff Failure Coming, Schapiro Says
• Bloomberg.com: SEC's Richards Leaving After Unit Missed Madoff Fraud
• Fox Business: SEC Pores Over How It Missed the Madoff Fraud
• Bloomberg: U.S. May Strip SEC of Powers in Regulatory Overhaul
• The Associated Press: SEC Enforcement Operation Under Scrutiny in Hearing
• The Associated Press: SEC Turns to Twitter to Prevent Repeat of Madoff
• The Associated Press: SEC, Madoff Agree to Settle Civil Fraud Case
• Los Angeles Times: Under Madoff Cloud, SEC Enforcement Chief Will Leave
• Bloomberg.com: Schapiro Speeds SEC Enforcement, Names Cleary Gottlieb Partner Counsel
• WSJ.com: Whistle-Blower Harry Markopolos' Testimony for House Financial Services Committee
• CNNMoney.com: SEC Defends Its Role
• New York: SEC v. Bernard L. Madoff, Bernard L. Madoff Investment Securities LLC
• SEC Statement
• SEC Press Release and Related Orders