Seeing Red: The Road to (Maximum) Recovery for Today’s Ponzi Scheme Victim

A legacy of “extraordinary evil”¹…

Following the unraveling of the greatest Ponzi scheme in history, its victims expressed a spectrum of emotions to the sentencing court.  In a fit of outrage, one wrote “You, Bernard Madoff…are a murderer…a rapist…a larcenist…[and you have] committed ‘generational theft.’”²  With palpable sorrow, another penned, “at the age of 89, I find myself and my wife (86) devoid of future hope.  I find it hard to believe what he did to us and in addition [to] [sic] all the charities affected by this Bastard.”³  On the day of sentencing, a man who lost all of the funds earmarked for the care of his mentally disabled brother told the court, “I hope his sentence is long enough so his jail cell will become his coffin.”⁴ 

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