1.
Teen solves centuries-old math problem
NEW YORK, April 3 (UPI) -- Actor John Malkovich says he wants to recoup the millions he lost to admitted New York swindler Bernard Madoff.
Lawyers for Malkovich argued Friday in a New York court that the John Malkovich Pension Plan and Trust should be awarded $2.2 million, the assets the plan ostensibly held with Madoff before his Ponzi scheme unraveled, the New York Daily News reported. The trustee sorting out payments to Madoff investors found Malkovich was entitled to $670,000, the difference between what he invested and any payouts, an approach endorsed by the judge in the case.
"A customer generally expects to receive what he believes is in his account at the time the stockbroker ceases business," one of Malkovich's lawyers argued.
Madoff's multibillion-dollar fraud snared a number of celebrities, including Kevin Bacon and his wife, Kyra Sedgwick, and Elie Wiesel, the Holocaust survivor, author and Nobel Peace Prize winner.
The financial statements Madoff investors received were fictional. Madoff took in billions of dollars over 20 years, using the money to make payments to some investors and to pay for his own lifestyle.
|
|
|
|
|
|
| Additional Movies Stories | |
WINSTON-SALEM, N.C., May 27 (UPI) --
Bluegrass legend Arthel "Doc" Watson was in critical condition following colon surgery at a hospital in Winston-Salem, N.C., his representative said.
|
When he bowed out of actively campaigning to capture the Republican presidential nomination, U.S. Rep. Ron Paul said he wasn't interested in disrupting the party's national convention in Tampa, Fla., in August.
|
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
|
BEERSHEBA, Israel, May 27 (UPI) --
An Israeli man says he wants to divorce his wife because she refuses to part with her 550 cats.
|
| Stories | Photos | People | Comments |
View Caption
