Year: 2009

The Commission settled with former Putnam employee Donald F. McCracken, concluding its case against six former Putnam Fiduciary Trust Company alleged to have engaged in a scheme to defraud Putnam client Cardinal Health, Inc. SEC v. Durgarian, Case No. 05-12618 …

SEC Concludes Its Action Against Former Putnam Employees Read More »

Bernard Madoff’s Ponzi scheme of the ages resulted in a sentence for the ages. Yesterday, after Mr. Madoff faced some of his victims for the first time, the court imposed the statutory maximum 150 year sentence. That sentence far exceeds …

Big Ponzi Scheme, Big Sentence — But Big Questions Remain Read More »