So today reports are surfacing that Bernard Madoff, the perpetrator of the largest Ponzi scheme in history, is dying of cancer in a North Carolina Federal Prison.

The 71-year-old is reportedly taking 20 pills a day to treat his cancer and has told other inmates that he does not have long to live.

“Lawyers for Madoff have not yet responded to the reports, although they earlier declined to respond to questions on the matter when speculation arose earlier this year that he was suffering from pancreatic cancer. His wife, Ruth, has also declined to answer questions regarding the matter.”

“Madoff is currently serving a 150-year sentence in Butner, N.C., for swindling $65 billion from thousands of investors. He pleaded guilty to 11 felony charges in March and was sentenced in June.”

It is not been stated what from of cancer Madoff is suffering from, but there have been reports that he has been attending “Native American religious purification ceremonies” that use heat rocks and ceremonial pipes.

“Madoff is also being recruited by various prison “gangs,” and some prisoners have been cooking him sandwiches in their cells.”

Check out the original article: Bernard Madoff Apparently Dying Of Cancer

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A former partner at Latham Watkins was sentenced to 15 months in prison for defrauding his clients and his firm.

“Samuel A. Fishman, 51, of Fairlawn, N.J., a mergers and acquisitions specialist in the firm’s New York office from 1993 to 2005, pleaded guilty to a single count of mail fraud in march 2008. He faced a maximum sentence of 20 years in prison.”

“Fishman admitted that he had billed fraudulent expenses to clients by mischaracterizing some nonreimbursable costs, such as local meals and parking, as other reimbursable costs, such as photocopying and express mail, and had inflated other, otherwise reimbursable expenses.”

The former partner was sentenced to 15 months in prison which will be followed by three years of supervised release. He was also ordered to pay a fine of $10,000  and $350,000 in restitution for defrauding both clients and his firm.

At his sentencing, Southern District of New York Judge Victor Marrera said that Fishman was “not just an ordinary citizen or offender but an officer of the court.” The judge added that the lawyer had “betrayed by extensive criminal conduct” the oath he took.

Fishman resigned after these issues came to light and he is also facing disbarment for his actions.

Click to check out the article about the Former Latham Partner Getting 15 Months in Prison.

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The legendary actress is supposedly facing financial ruin after “investing” with the fraudster Bernard Madoff. She was one of many stars affected by the scandal. Madoff allegedly siphoned billions of dollars from her and other big Hollywood names.

“Gabor, 91, and her ninth husband, Prince Frederic von Anhalt, have revealed Madoff’s scam has also cost them millions.”

“Von Anhalt tells the National Enquirer, “We’re mad… We want our money back. We might be forced to sell our Bel Air home, cars, artwork and even our jewelery because of this sick man.”

I feel bad for them, but at the same time, I’m sure there are people who are a lot less wealthy that invested their hard earned money trying to make a buck or two. I can only imagine the stuff that they are going through. It would be hard to sell your vacation house, and your priceless artwork, and your extra cars but imagine if you had to sell your only house and car…

“I feel really bad, because Zsa Zsa shouldn’t have to worry about the financial mess I’ve gotten us into. We are taking legal action to recoup some of the money. I’m going to have to make back that money somehow, or we’re going to face financial ruin.”

Kevin Bacon, Steven Spielberg, and other notable celebrities were among those affected by the fraudster as well.

To check out the original article, click here

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A Federal Judge determined the jailed New York Top Law Firm founder to be an enormous flight risk,  and declared that he must remain in prison while he fights charges that he swindled hedge funds, amounting to over $380 Million dollars.

“Dreier, 58, was arrested on Dec. 7 on U.S. charges that he persuaded two unidentified hedge funds to give him more than $100 million by claiming, falsely, that he was selling at a discount notes issued by New York developer Shelodn Solow. He was arrested after returning to New York from Toronto, where he had been briefly jailed for impersonating a lawyer at the Ontario Teachers Pension Plan.”

At today’s hearing, an assistant U.S. attorney said that “mountains” of new evidence reveal losses to hedge funds and “very sophisticated investors” that total $380 million.

“He is the Houdini of impersonation and false documents,” said the U.S. attorney “Mr. Dreier is in a desperate situation, and the only way out of the desperate situation is to flee.”

“There is no risk of flight here,” Dreiers attorney said “His assets are frozen, he has no travel documents, he has no foreign roots.”

Since his arrest, Dreier has been in isolation in a Manhattan federal prison cell. The U.S. attorney said prison officials had to check into whether Drier belonged to a gang. The defense lawyer asked the judge to order Dreier transferred into the general prison population.

Apparently when he was on the outside, Dreier was somewhat of a playboy. He had a pattern of dating Maxim models. If he goes away for good, at least he has those sweet memories to cuddle up with.

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Not only does the anti-virus software maker McAfee Inc. not play when it comes to Internet infected bugs, it also is trying to block the worst real-life bug of all…overbilling. McAfee is accusing WilmerHale of fraud, theft, negligence and breach of fiduciary duty. However, the company retaliated by asking for the complaint to be dismissed, explaining in a statement Monday that the suit is “no more than a pretext to avoid its advancement duties to Mr. Goyal.”

“[WilmerHale] intentionally overworked and churned the representation of Goyal; shamelessly employing over 100 WilmerHale timekeepers in the feeding frenzy,” McAfee alleged in a complaint filed in the Eastern District of Texas earlier this year.

“Defendant’s bills reflect at least 16 partners, 34 associate attorneys, 10 legal assistants and 49 staff personnel — how else could they amass this enormous trove of cash?” the complaint read.

In 2002, the Department of Justice began a three-year investigation in McAfee’s accounting practices, according to WilmerHale. However, charged with accounting fraud, Goyal was convicted by a San Fran jury in May 2007. According to Martin Rose, the lawyer representing McAfee, WilmerHale, which had their lawyers represent Goyal in the trial, charged almost $200,000 in expenses for luxury hotel rooms, limos, and charges for room service and bar tabs.

McAfee described WilmerHale as “unrepentant in its greed.”

Back and forth they go, and as WilmerHale continually shows evidence proving why the case should be dropped, McAfee responds with their own set of evidence over why it should remain. Stay tuned…

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