Madoff Victims Lose Bid To Claim $8.2M Theft Loss Deduction

By Kat Lucero · November 17, 2025, 1:03 PM EST

A New York couple lost their challenge to claim a $8.2 million theft loss tax deduction on life insurance policies invested in accounts tied to Bernie Madoff's Ponzi scheme after the...

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Case Information

Case Title

Pascucci v. Commissioner of Internal Revenue

Case Number

24-2429

Court

Appellate - 2nd Circuit

Nature of Suit

 

Date Filed

September 17, 2024