Ponzi Schemes

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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