DOJ Backs $3B Madoff Fund Clawback From Overseas Banks

By Rick Archer (April 13, 2020, 5:14 PM EDT) -- The U.S. Department of Justice has thrown its weight behind efforts to claw back $3 billion in proceeds from Bernie Madoff's defunct Ponzi scheme from overseas banks, telling the U.S. Supreme Court that the money originated in the U.S. and falls under U.S. law....

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