Supreme Court Deals Hank Greenberg, Madoff & Stanford Ponzi Victims Setbacks

Mark Melin

Published onJune 30, 2014

Updated on May 13, 2021

The US Supreme today put a nail in Hank Greenberg’s crusade to hold the Federal Reserve Bank of New York responsible for unlawfully bailing out the insurer while engineering a “backdoor” bailout for Goldman Sachs Group Inc (NYSE:GS), as he alleged. The high court also ruled against investors trying to recoup their lost money in the Bernie Madoff and Allen Stanford ponzi schemes.

Table of Contents

Details of Hank Greenberg’s court case

In the Hank Greenberg case, the court left stand a a 2nd U.S. Circuit Court of Appeals decision from January that upheld the New...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Supreme Court Deals Hank Greenberg, Madoff & Stanford Ponzi Victims Setbacks

Details of Hank Greenberg’s court case

Login required to continue reading.

Get Your Business News