• Investment Fraud and Bernie Madoff’s Long Shadow

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    If you’re like most people, when you hear the words “securities fraud” or “estate litigation,” your eyes glaze over. The average American isn’t generally concerned with the insider lingo of financial investment, or investment law.

    On the other hand, most people recognize the name Bernie Madoff. Madoff was once a hugely successful investment manager and served as the chairman of the NASDAQ stock exchange. That is, he was thought to be wildly successful until December of 2008, when he was arrested for running the largest known Ponzi scheme to date and losing his customers close to $20 billion dollars.

    Ponzi schemes are a form of complex investment fraud in which an extremely high rate of return on investment is achieved not through investment, but by paying returns Continue Reading