Nation and world news briefs
Madoff victims will soon get another $378 million from US fundWASHINGTON — Thousands of victims of Bernard Madoff’s Ponzi scheme are due to get checks totaling $378 million from a U.S. Justice Department fund created years ago through settlements with some of the con man’s oldest customers and his bank, JPMorgan Chase & Co.The distribution from the Madoff Victim Fund will bring total government payouts in the case to more than $2.7 billion for almost 38,000 investors across the globe, the Justice Department said Monday in a statement. That’s almost 74% of their claimed losses, the U.S. said.Th...
Tribune News Service
Burr faces lawsuit as fallout continues over his sale of up to $1.7 million in stock
CHARLOTTE, N.C. — Fallout continued this week over revelations that U.S. Sen. Richard Burr dumped up to $1.7 million in stock after private briefings about the coronavirus, including a personal lawsuit against him.Politico reported the shareholder suit against Burr in U.S. District Court for the District of Columbia even as the U.S. Securities and Exchange Commission this week issued a stern warning against insider trading.Last week ProPublica and the Center for Responsive Politics reported that Burr sold the stocks in mid-February just before the market collapsed.As chairman of the Senate Int...
The Charlotte Observer