Tag Archives: Irving H. Picard
Madoff Losses Down from $65 Billion to $20 Billion

Madoff Losses Down from $65 Billion to $20 Billion

How do you value fraud? When the Madoff ponzi scheme collapsed the claim was that there was $65 billion in losses. That was the total dollar value on the account statements given to investors. Of course, that number was fictional because there were not real assets behind those numbers. The trustee overseeing the liquidation of [...]

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