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.
Lawyers still working to untangle Madoff fraud after his death
Tom Hays and Larry Neumeister
Associated Press
View Comments
New York 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 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.
Their labors, which have already secured $14.5 billion of the estimated $17.5 billion investors put into Madoff s sham investment business, didn t cease with the financier s death in prison in April.