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.