Ruth Madoff downsizes to $2.5 million settlement with Feds

RUTH MADOFF’S DIVORCE SETTLEMENT HAS BEEN FINALIZED Wife of infamous Wall Street ponzi schemer Bernie Madoff has agreed cut a deal with federal prosecutors according to Reuters. Instead of pursuing claims that she is entitled to about $70 million in assets from her “marital estate” she will give up all claims to all but $2.5 million […]

Feds step in to stop fraudulent conveyance by Cendant Corp exec Walter Forbes to his soon to be ex wife Caren Utzig Forbes

Talk about “accounting irregularities!” I haven’t been following this story but it seems that Walter Forbes, an exec from Cendant Corp (same company as billionaire Henry Silverman who is divorcing his wife Nancy) was busted by the Federal Court for trying to fraudulently convey his million dollar manse to his wife for $10 bucks or […]

Danny Pang escaped divorce, but now has he escaped the FEDs?

The talented Mr. Pang Just read on this blog that the SEC’s latest fraudster, Danny Pang, was last seen in China where he went for a “religious pilgrimage” two weeks ago. Nobody’s seen him since. Gives new scope to the whole “religious experience” phrase, doesn’t it. Wonder what he is praying about? Maybe he didn’t […]