Attys Who Sifted Through Ashes Of Madoff Ponzi Look Back
By Kevin Penton (April 14, 2021, 4:53 PM EDT) -- Bernie Madoff left a legacy of substantial ruin for many who were the victims of the largest Ponzi scheme in history. His death on Wednesday is a reminder of a fraud that operated in plain sight for years, said attorneys who have investigated the scheme.
The scandal was the perfect storm of deregulation, regulatory imperfections in compliance exams, and tens of thousands of individuals and organizations apparently not really wanting to know how Madoff pulled off consistent returns, regardless of the broader market conditions, said Mark A. Kornfeld, a shareholder with Buchanan Ingersoll & Rooney PC.
Kornfeld remembers the time he...
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