She is not being named but, after a six-year court battle, a pianist who lost her money with the Ponzi pirate has won judgement against a bank that advised her to invest with him.
Full story on Bloomberg.
Very few people have seen a penny back from Madoff.
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B.Madoff gave money to support Israel different causes. Israel refuse to return money .
Congratulation to French pianist. Wish other Madoff victims luck.
Please cite your source on this. I can’t find any record of this. It also sounds like you are saying he gave money to pro-Israel causes, and that the State of Israel should pay this back, as if they are one and the same. What I do know for a fact is that some Israeli foundations LOST money to Madoff’s ponzi scheme.
It’s great that she’s gotten the judgment, but a) that doesn’t mean she’s yet gotten any money, and likely there will be many steps between here and there, including the possibility that the judgment will be overturned on appeal, and b) if she does get money back it will not be from Madoff but from the bank who advised her to invest with him. So the headline is, currently, incorrect on at least those 2 counts.
You put a lean on a bank if they didn’t give money awarded by judgement, plus interest.
I think you mean “lien,” not “lean.” I’m not sure it’s nearly that simple if one is dealing with a huge corporation, especially one with gaggles of lawyers who can cause proceedings to drag on for years. And if the original judgment were overturned on appeal, which is entirely possible, then the plaintiff would be out of luck. Again. My point was merely that, while whoever this is has gotten a judgment in a first-level court, there’s no information here to say that she’s actually seen any money, and if she eventually does, it will not be coming from the Madoff family, both of which are claimed in the headline.
While they may not have gotten any money back YET, Madoff investors almost surely will get a substantial portion of their original investment back, somewhat more than half by current figuring…
http://abcnews.go.com/US/recovered-madoff-money-now-11-billion-hidden/story?id=36529402
This is unusually fortunate compared to most financial fraud victims.
which female french pianist is rich enough to invest in quarter of million dollars? I have to think it’s Helene Grimaud.