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For Madoff Victims, 'Tragedy Goes On' After Scammer's Death


For Madoff Victims, ‘Tragedy Goes On’ After Scammer’s Death
Apr 15 2021, 1:47 PM
April 15 2021, 2:13 AM
April 15 2021, 1:47 PM
(Bloomberg) Bernard 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.
(Bloomberg) Bernard 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 underway 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 M ....

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For victims of Bernie Madoff, 'tragedy goes on' after scammer's death


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. ....

United States , New York , Hidden Hills , North Carolina , West Palm Beach , Julian Moore , Ruth Madoff , Reyl Cie , Burt Meerow , Randall Jackson , Harry Markopolos , Alexandra Penney , Johnf Kennedy , Irving Picard , Bernie Madoff , Nicolas Roth , Richardb Shapiro , Exchange Commission , Commodity Futures Trading Commission , Hedge Fund Research Inc , Bag Lady , President John , Upper East Side , Brandon Sample , Hedge Fund Research , Bernie Madoff ,