NEW YORK — Descendants of legendary scammer Charles Ponzi (1882-1949) sued Bernard Madoff today for infringing on the rights to their patriarch’s proprietary system of bilking money from innocent investors.
Tag: forfeit
Madoff Asks Government for Money to Pay Off Earlier Investors
WASHINGTON, DC — Wall Street investment manager Bernard Madoff appeared before a congressional committee Monday to ask for $60 billion to reimburse investors who have lost money with his firm in what appears to have been a massive Ponzi scam.
