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Dec 12, 2018 · In court filings, Shapiro said he didn’t know about the fraud, citing his family’s $250 million investment with the firm just weeks before Madoff’s arrest. In 2010, Shapiro and his family members agreed to forfeit $625 million to settle the trustee’s suit.
Jun 2, 2010 · Carl Shapiro, 97 A Boston-based philanthropist who made a fortune in ladies fashion and allegedly as much as $1 billion from Madoff. Stanley Chais, 83 A close Madoff friend for more than 50 years.
Apr 14, 2021 · His massive Ponzi scheme defrauded investors of an estimated $17.5 billion (or as much as $65 billion, including fictional profits), racking up huge losses for banks, pension funds and individuals...
- Chase Peterson-Withorn
Dec 11, 2023 · The Madoff Victim Fund began its ninth distribution of nearly $158 million in funds on Monday forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC...
Defendant Stanley Shapiro (“Shapiro”) was no unwitting investor. He knew that the IA Business was predicated on fraud and that he and his family were benefitting from
Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
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Jan 13, 2023 · The first is the big four investors—Jeffrey Picower, Norman Levy, Carl Shapiro, and Stanley Chais. When Madoff got in trouble—when he was in a cash crunch as more people took money out than were putting in—they bailed him out, and it gave them the power to extort returns from him, from the less wealthy investors.
