Madoff trustee: Claims in massive Ponzi scheme reach nearly 9,000; says family may have to pay

Trustee: Nearly 9,000 claims in Madoff scam

NEW YORK — A court-appointed trustee unraveling Bernard Madoff’s massive fraud signaled Thursday that he may go after the disgraced financier’s family to pay victim claims, which have grown to almost 9,000.

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NY man who underwent mastectomy sues hospital, doctors after learning he never had cancer

NY man who underwent mastectomy sues hospital

NEW YORK — A suburban New York City man is suing a hospital and three doctors for performing a radical mastectomy on him even though he never had cancer.

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Judge turns down Chrysler retirees’ motion to form committee in bankruptcy proceedings

Judge denies Chrysler retirees’ motion

NEW YORK — A bankruptcy judge on Thursday denied a request from a group representing Chrysler LLC’s retired white collar workers to appoint an official retiree committee to take part in the automaker’s bankruptcy proceedings.

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Bernard Madoff sentencing put off until end of June; judge doesn’t give a reason

Madoff sentencing postponed

NEW YORK — The sentencing of disgraced financier Bernard Madoff has been postponed until June 29.

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Chrysler files bankruptcy court motion to eliminate 789 of its 3,200 dealerships

Chrysler moves to eliminate 789 of 3,200 dealers

NEW YORK — Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

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Actress testifies of her role in alleged fraud at federal trial of ex-Democratic fundraiser

Actress testifies at NY campaign corruption trial

NEW YORK — A television actress testified Wednesday about her real-life role in a campaign corruption scandal that has embarrassed some of the Democratic Party’s biggest names.

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Group of 18 financial institutions sue MBIA over separation of businesses, WSJournal reports

Report: Banks sue MBIA over split of businesses

NEW YORK — MBIA Inc. is the target of a lawsuit by a group of 18 financial institutions claiming that the bond insurer’s separation of its businesses early this year was fraudulent, The Wall Street Journal said Wednesday.

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Group representing Chrysler’s retired salaried workers ask for appointment of committee

Chrysler salaried retirees ask for committee

NEW YORK — A group representing Chrysler’s retired salaried workers is asking the judge overseeing the automaker’s Chapter 11 proceedings to appoint an official committee of retirees, citing concerns about the future of their benefits.

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Revolving bailout: Repaid money goes back into TARP _ and then back out again

Bailout redux: Repaid money could go back to banks

NEW YORK — After acing their “stress tests,” some big banks are rushing to raise capital and return billions in federal bailout money. But don’t expect it to replenish government coffers.

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Trustee: Madoff didn’t just run Ponzi scheme, he and family used investor funds as piggy bank

Trustee: Madoff firm was family’s piggy bank

NEW YORK — The credit card bill is a 30-page study in conspicuous consumption.

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