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The Legacy Of Madoff, A Decade Later

Law360 (November 19, 2018, 1:26 PM EST) -- Dec. 11, 2018, shall mark the 10th anniversary of the Madoff Ponzi scheme being revealed to the world via the arrest of the since disgraced financier, Bernie Madoff.[1] The trustee appointed to oversee the liquidation of Bernard L. Madoff Investment Securities continues to pursue, on behalf of customers around the globe, the most far-reaching, historic and successful recovery initiative in American history.[2]

The Madoff scandal has secured its infamous place upon the Mount Rushmore of economic fraud.[3] The collapse of the scheme, in tandem with the subprime housing market debacle and the destruction of Lehman Brothers, spawned a recession unlike anything...

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