The following message and summary is provided by Andrew Lerman CPA, who has spent many months of tireless effort working with NIAP and the Congressman’s office in pursuit of futher tax relief for victims…

Congressman Bill Pascrell (NJ) announced yesterday his proposed legislation for additional tax relief to victims of Ponzi schemes. As soon as a bill number is assigned I will let you know. As many of you are aware, I have been working with the Congressman’s office [...]

The Ponzi Scheme Investor Protection Act is introduced in the House – The bill calls for the amendment of SIPA to provide insurance coverage for certain indirect investors caught in Ponzi schemes….

Click here to read Congressman Ackerman’s Press Release.
Click here to read full bill.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action & Protection is forging ahead with a legislative agenda to address SIPA and IRC relief for fraud victims. Click here to Donate now.
Not a NIAP member? Click [...]

Baker Hostetler files third interim report, including update on:

Procedural History
Criminal and Civil Cases
Liquidation Proceedings & Administration of the estate
Financial condition of the estate
Claims Administration
Initial allocation of funds and distribution to customers
Bankruptcy court proceedings, including third-party actions against the trustee
Potential insiders and corporate assest evidence gathering
OBJECTIONS TO FEE APPLICATIONS

And more. Click here to read complete document filed with the US Bankruptcy Court.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action & Protection is forging ahead with a [...]

Disgraced financier Bernard Madoff has been jailed for more than a year, but there is still plenty of fallout in Connecticut from his monumental, $65 billion investment fraud.

The state banking department and the attorney general’s office confirmed Tuesday that they are wrapping up a yearlong investigation involving alleged fraud by a bank and a pension consultant in lower Fairfield County tied to Madoff’s Ponzi scheme.
Read more in the Hartford Courant here.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action [...]

The trustee liquidating Bernard Madoff’s defunct investment-advisory business reported he has recovered $1.5 billion for former customers and is pursuing $14.8 billion more from feeder funds, Madoff’s family and friends and related parties. Read article on chron.com here.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action & Protection is forging ahead with a legislative agenda to address SIPA and IRC relief for fraud victims. Click here to Donate now.
Not a NIAP member? Click here to register (Membership is free).