investor fraud

Bernard Madoff (file/credit: Mario Tama/Getty Images)

Lawyer: Former Madoff Employee On Trial For Ponzi Scheme Fraud ‘Fooled By His Lies’

The trial follows the 2008 collapse of Madoff’s private investment business, which cost clients nearly $20 billion. A court-appointed trustee has recovered much of the money by forcing those customers who received big payouts from Madoff to return the funds.

10/17/2013