Matthew Schwartz

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.
Trial Begins For 5 Former Madoff Employees Accused Of Helping In Largest-Ever Ponzi SchemeProsecutor Matthew Schwartz introduced the government's case Wednesday, saying the defendants "helped perpetuate Madoff's elaborate fiction.'' The Manhattan federal court trial is expected to last five months.
Charles Osgood Event

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