The firm responsible for paying out $4 billion to victims of Bernard Madoff’s Ponzi scheme has been spending millions on related billings, including the retention of a Victim Fund administrator, over the past four years. Victims haven’t seen a dime. According to Bloomberg News, Madoff, 79,...
The art of deceiving people out of money is nothing new. Dating back to the twentieth century with Charles Ponzi, Ponzi schemes have been used by people looking to make a quick buck at the expense of others for quite some time. While the Ponzi...
April 19, 2021
Bernie Madoff died last week (April 14) closing a chapter on one part of his historical fraud and massive manipulation of the financial system. As a refresher: The former Nasdaq chairman turned investment fund manager oversaw a Ponzi scheme for more than a decade until the financial crisis of 2008 caused a run on investors […]
May 24, 2017
The firm responsible for paying out $4 billion to victims of Bernard Madoff’s Ponzi scheme has been spending millions on related billings, including the retention of a Victim Fund administrator, over the past four years. Victims haven’t seen a dime. According to Bloomberg News, Madoff, 79, pleaded guilty to fraud in 2009 and is serving a […]
April 04, 2017
The art of deceiving people out of money is nothing new. Dating back to the twentieth century with Charles Ponzi, Ponzi schemes have been used by people looking to make...
