Court-appointed trustees have already recovered $14.5bn out of $17.5 bn in lost principal but ongoing litigation could potentially pull in billions of dollars more
Close
Bernard Madoff exits Manhattan federal court, Tuesday, March 10, 2009, in New York. The epic Ponzi scheme mastermind is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running the biggest financial fraud in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.
By TOM HAYS and LARRY NEUMEISTER
Associated Press Jun 6, 2021
After Bernie Madoff s Death, Work to Recover All $17.5B for Fraud Victims Goes On The painstaking process of trying to unwind Madoff s fraud began not long after the money manager s arrest in December 2008 By Tom Hays and Larry Neumeister •
Published 2 hours ago •
Updated 2 hours ago
NBCUniversal Media, LLC
Epic Ponzi scheme mastermind Bernard Madoff is dead. But the effort to untangle his web of deceit lives on.
More than 12 years after Madoff confessed to running one of the biggest financial frauds in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.