Money Laundering

Making Banks Pay for Madoff’s Fraud

by RitaZhao April 27, 2011 Articles

Risk Management   April 4, 2011 The impact of Bernard Madoff’s $18 billion Ponzi scheme will be felt for a long time to come. With Madoff in prison, his assets seized and sold, lawyers for his victims must now turn to other sources to make their clients whole. Enter the banks. Madoff handled billions of dollars. […]

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Asset Hunting and Anti-Money Laundering: Justice on the Trail of Tears

by RitaZhao April 27, 2011 AML

by Michael Diaz ,Jr., Carlos Gonzales, Sumeet H. Chugani and Xingjian Zhao The Financial Law Report, March 1, 2011 In recent years, the terms “Ponzi scheme,” “financial fraud,” and “mon­ey laundering” have become unfortunate household names. Fraudsters like Bernard Madoff have given new meaning to the term “financial fraud,” leaving behind a trail of tears and […]

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