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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...
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. ©2018 Bloomberg L.P.
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Jaffe reportedly convinced the elder Shapiro to invest $250 million with Madoff just 10 days before Madoff's arrest. Jaffe, a philanthropist, "worked the Palm Beach, Florida circuit, and attracted many Palm Beach Country Club members as investors." Jaffe brought in 150 accounts and more than $1 billion to Madoff. Madoff paid Jaffe directly ...
May 9, 2021 · Madoff Talks explains how “feeder funds”, ostensibly reputable hedge funds, served as conduits for money which went to BLMIS. Instead of conducting due diligence those funds turned ...
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 fabricated trading activity reported in their investment accounts at BLMIS.
Jun 2, 2021 · The epic Ponzi scheme mastermind is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running the biggest financial fraud in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.
BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. Adv. Pro. No. 08-01789 (SMB) SIPA LIQUIDATION (Substantively Consolidated) In re: BERNARD L. MADOFF, Debtor. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff, v. STANLEY SHAPIRO, et al., Defendants. Adv. Pro. No. 10-05383 (SMB)
