The administrator liquidate the investment firm Bernard Madoff sued former JPMorgan Chase & Co. for 6.4 billion U.S. dollars of bank credits with the complicity of fraud the fraudster jailed.
Irving H. Picard, the attorney appointed as trustee for a bankruptcy court in New York, said in a statement yesterday that JPMorgan sued seeking $ 1 billion in fees and $ 5.4 billion in damages.
"JP Morgan was willfully blind to the fraud, even after knowing many red flags surrounding Madoff," said David J. Sheehan, "Picard's lawyer, said in a statement." CCPE was in the center of that fraud, and fully complicit in it. "
Any money recovered from JPMorgan will be returned to victims of Madoff on a prorated basis, said Picard, who until now has recovered about $ 1.5 billion to creditors of Madoff.
Picard's claim "grossly distorts both the facts and the law in an attempt to grab headlines," said JP Morgan, the second largest U.S. bank, yesterday in a statement. "JP Morgan did not know anything or in any way contribute to the fraud orchestrated by Bernard Madoff."
JPMorgan, based in New York, said Picard has helped in their investigation of the signing of Madoff and called his claims "irresponsible and more range."
'XYZ'
Picard separately filed a complaint yesterday seeking $ 3,140,000 from a company not identified. The complaint against "XYZ" was filed under seal in U.S. Bankruptcy Court in Manhattan. The entry of record demand and demand include "$ 3135671000", or 3.14 billion U.S. dollars. In an email today, Picard provided the amount of the claim and said the judicial record is being corrected.
The lawsuit against JP Morgan, which Picard Madoff called "primary banker, was filed under seal in the same court, according to the statement of the administrator.
JP Morgan has appointed nearly all information as confidential, "said Picard. "We intend to pass the claim is made public as soon as possible."
The lawsuit is the second largest by Picard Madoff bankruptcy after a $ 7,200,000,000 claim presented against the investor Jeffry Picower May 2009. Picower died in October 2009.
$ 15.5 billion
Besides the demand Picower, Picard had at least 18 other lawsuits seeking repayment of $ 15.5 million paid to friends and family Madoff, funds, to investors and others.
On November 23, Picard sued UBS AG, at least $ 2 million, claiming that the Swiss wealth management also helped in the fraud Madoff. UBS said it would not be held responsible for crimes Madoff. Three days later, Picard sued 40 people who were former employees or relatives of Madoff Madoff and his wife, Ruth Madoff.
During the past week, Picard has sued hundreds of so-called "net winners", investors withdrew more of their accounts than they invested Madoff. Picard, supported by a failure of the U.S. bankruptcy case Judge Burton Lifland, such claims must be fictitious profits returned to the bankruptcy estate and paid to all victims with valid claims Madoff. Yesterday, sued the entities of the Paris-based BNP Paribas to recover $ 160 million fraud allegedly received Madoff.
Picard is demanding the return of fictitious profits obtained in the last six years.
Deadline December 11
Picard faces a December 11 deadline for the submission of claims to recover benefits false.
Madoff, 72, is serving a sentence of 150 years in a federal prison in North Carolina after admitting he runs the largest Ponzi scheme in history. Madoff was arrested and his firm, in New York, Bernard L. Madoff Investment Securities LLC, forced into bankruptcy when the news of the fraud became public in December 2008.
At the time of his arrest, Madoff account statements reflecting the accounts of 4900 with $ 65 billion in balances exist. Investors lost about $ 20 billion in capital.
The case is Picard against JPMorgan Chase & Co., 10-AP-4932, USA Bankruptcy Court Southern District of New York (Manhattan).
0 comments:
Post a Comment