2nd Circ. Says Madoff Trustee Entitled To $41M Ponzi Profits
By Vince Sullivan ( September 24, 2020, 7:51 PM EDT) -- The Second Circuit Court of Appeals affirmed a lower court decision Thursday that ordered clients of the Bernie Madoff Ponzi scheme to return $41 million in fraudulent profits to the trustee overseeing the funds' bankruptcy estate, saying they were not entitled to keep anything more than their principal investment in the fund....
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