{"id":5875,"date":"2015-09-19T00:00:00","date_gmt":"2015-09-19T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/09\/exaurelia_finance_managers_set"},"modified":"2015-09-19T00:00:00","modified_gmt":"2015-09-19T05:00:00","slug":"exaurelia-finance-managers-set","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/","title":{"rendered":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam"},"content":{"rendered":"

Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam<\/a>. According to prosecutors, the Swiss-based private bank lost up to $800 million of client money that they put into the scheme. <\/p>\n

Pascal Cattaneo, Jean Marc Weneger, Vladimir Stepczynski, Olivier Ador, and Laurent Mathysen-Gerst were charged with criminal mismanagement of the money because they put too much into a Madoff feeder fund. Among those who lost money through asset management units were Italy’s UniCredit, Santander (SAN.MC), and Swiss-based EFG International. Prosecutors claim that the ex-directors got rich on management fees, commissions, and finder fees paid for bogus returns that were never verified. <\/p>\n

In total, the Madoff Ponzi scam cost its investors $17 billion. Those impacted included retail investors, celebrities, other wealthy private investors, and institutional investors. <\/p>\n

Meantime, efforts to recover the money lost by Madoff\u2019s victims continue. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. According to prosecutors, the Swiss-based private bank lost up to $800 million of client money that they put into the scheme. Pascal Cattaneo, Jean Marc Weneger, Vladimir Stepczynski, Olivier Ador, and Laurent Mathysen-Gerst were charged […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792],"tags":[],"class_list":["post-5875","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams"],"yoast_head":"\nEx-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam — Investor Lawyers Blog — September 19, 2015<\/title>\n<meta name=\"description\" content=\"Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. — September 19, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam — Investor Lawyers Blog — September 19, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. — September 19, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam — Investor Lawyers Blog — September 19, 2015","description":"Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. — September 19, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/","twitter_card":"summary_large_image","twitter_title":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam — Investor Lawyers Blog — September 19, 2015","twitter_description":"Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. — September 19, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam","datePublished":"2015-09-19T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/"},"wordCount":360,"articleSection":["Ponzi Scams"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/","url":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/","name":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam — Investor Lawyers Blog — September 19, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-09-19T05:00:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Five ex-Aurelia Finance wealth managers have paid \u201csubstantial compensation\u201d to resolve criminal complaints related to the Bernard Madoff Ponzi scam. — September 19, 2015","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/exaurelia-finance-managers-set\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ex-Aurelia Finance Managers Compensate Asset Managers Bilked in Madoff Ponzi Scam"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1wL","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5875"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}