Madoff Fraud

The Second Circuit ruled that the trustee of Bernie Madoff’s now-shuttered investment firm can claw back from clients what they thought were profits from their investments but were just new investors’ money distributed under the Ponzi scheme.

NEW YORK — The Second Circuit ruled that the trustee of Bernie Madoff’s now-shuttered investment firm can claw back from clients what they thought were profits from their investments but were just new investors’ money distributed under the Ponzi scheme.

Categories / Appeals, Financial

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