Until the Bernie Madoff case, the term “clawback” was virtually unknown in the asset recovery world. Now it has become a powerful tool for court appointed receivers and a nightmare for those lucky Ponzi scheme victims who cashed out early or managed to independently recover some of their investment. The Wikipedia definition is quite vague […]
A Sad Day For Elderly Investors In Texas
by Brian Mahany As much as we try to stay on top of every major fraud story, there are simply too many of them. Kudos to InvestmentNews Daily for their reporting today on John Langford. According to published reports, the victims of the convicted swindler will only receive back 2.8 cents for each dollar of […]