Tag Archives: Ponzi scheme

Clawbacks! Friend or Foe? Depends On Who You Ask.

by Brian Mahany
The term “clawback” is relatively new. In fact, you won’t find it in most dictionaries and even the on-line Wiktionary is quite vague in its definition; “Any recovery of a performance related payment based on discovery that the performance was not genuine.”  But ask the victim or former investor of Bernie Madoff or