Word: sorkin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...unexpected guilty plea without a plea deal, the multiple counts - which include mail fraud, wire fraud, securities fraud and money laundering, among others - and the potential prison term were revealed at what was supposed to be a minor hearing about a potential conflict of interest between Madoff and Sorkin. The lawyer and his father, now deceased, once invested with Madoff. The judge waived the conflict. (See 25 people to blame for the financial crisis...
Bernard Madoff's lawyer, Ira Sorkin, told U.S. District Judge Denny Chin on Tuesday that Madoff expects to plead guilty to charges that will put him in prison for up to 150 years. (Watch the video of Madoff pleads guilty...
...Attorney's office has filed 11 counts against Madoff for his part in a decades-long Ponzi scheme, now estimated in court documents to amount to $64.8 billion, considered the largest in history. In fact, the new dollar amount cited in a Justice Department communication to Sorkin tallies the total size of the fraud, which dates back to the 1980s, at $170 billion, which includes money invested with Madoff, interest earned and payouts to investors as well as the value of things he bought for himself, like a yacht. "The charges reflect an extraordinary array of crimes committed by Bernard...
...Tuesday Chin asked Sorkin if it was his "expectation that [Madoff] will plead guilty" at the hearing on Thursday. "That's a reasonable expectation," Sorkin replied. The judge then said he would decide at the hearing whether to accept the plea and whether to remand Madoff to jail pending sentencing in several months, setting the stage for Madoff's climactic court appearance...
Penguin Group USA seems to be leading the financial field when it comes to big bucks and celebrity authors. Within a span of 48 hours, Penguin imprints scooped up three of the hottest gets, shelling out millions in advances. Andrew Ross Sorkin will write a behind-the-scenes account of the Wall Street crisis, Too Big to Fail, for Viking, while his New York Times colleague Joe Nocera, along with Vanity Fair contributing editor Bethany McLean, will do a long-term take on the crisis for Portfolio, with their advance rumored to be as much as $1.6 million. Roger Lowenstein...