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For Madoff Victims, âTragedy Goes Onâ After Scammerâs Death Apr 15 2021, 1:47 PM April 15 2021, 2:13 AM April 15 2021, 1:47 PM (Bloomberg) Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest. (Bloomberg) Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest. The recovery effort, still underway in court more than a decade later, has been remarkably successful at recouping the lost principal, under the circumstances. But thatâs little comfort to investors who lost their life savings or otherwise had their lives turned upside down. And none of them will ever see a cent of the $45 billion in fake trading profits M ....
Apr 15, 2021 Bernie Madoff’s death in prison Wednesday doesn’t change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con man’s 2008 arrest. The recovery effort, still under way in court more than a decade later, has been remarkably successful at recouping the lost principal, under the circumstances. But that’s little comfort to investors who lost their life savings or otherwise had their lives turned upside down. And none of them will ever see a cent of the $45 billion in fake trading profits Madoff assured them was safely tucked away in their accounts for retirement. ....
For Bernie Madoff victims, 'tragedy goes on' after scammer's death financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
For victims of Bernie Madoff, 'tragedy goes on' after scammer's death japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Madoff Victims, Five Years the Wiser Joanne and Burt Meerow, retirees in West Dover, Vt., were among Madoff s victims.Credit.Caleb Kenna for The New York Times Dec. 7, 2013 It was the first global Ponzi scheme a slow-motion crime wave that began in the Manhattan offices of a stockbroker named Bernard L. Madoff, spread to wealthy enclaves in Palm Beach, Fla., and Southern California, and reached as far as the Persian Gulf. It carried a breathtaking price: $64.8 billion in paper wealth and at least $17.5 billion in cash losses. Those affected ranged from carpenter-union pensioners to French aristocrats. Early on Dec. 11, 2008, Mr. Madoff was arrested at his Manhattan penthouse. Within hours, the news reached his investors, leaving them stunned. In doctors’ offices, beauty salons, executive suites and living rooms they learned that all the money they thought was in their accounts invested through a trusted Wall Street statesman had vanished. ....