We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Why Ponzi Scheme Investors Must Return Profits

Law360 (December 29, 2008, 12:00 AM EST) -- Now that Bernie Madoff has admitted that he was running a $50 billion Ponzi scheme — losses greater than the amount needed to bail out the entire domestic automobile industry — two monumental tasks lie ahead for the receiver and great battles are foreshadowed between investor factions.

Receiver’s Goal: Find The Money

The first step for the receiver is to figure out quickly where the money went. With as much as $50 billion in money flowing through the company over several decades, this will be a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.