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In Re: Bernard L. Madoff Inves
Case Number:
19-429
Court:
Nature of Suit:
Companies
Sectors & Industries:
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April 05, 2021
Madoff Investors Take $41M Ponzi Profits Fight To High Court
Clients of the Bernie Madoff Ponzi scheme have asked the U.S. Supreme Court to review lower court orders requiring them to return $41 million in fraudulent profits to the Madoff bankruptcy estate.
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March 31, 2020
Madoff Investors Ask 2nd Circ. To Keep $41M In Ponzi Profits
Investors who profited off Bernie Madoff's multibillion-dollar fraud scheme told a wary Second Circuit panel on Tuesday that they should be able to keep the tens of millions in proceeds, arguing that bankruptcy law dictates the money is rightfully theirs.