June 18, 2021
Scam/Fraud

Madoff’s death not stopping cash hunt

NEW YORK — Epic Ponzi scheme mastermind Bernard Madoff is dead. But the effort to untangle his web of deceit lives on.

More than 12 years after Madoff confessed to running one of the biggest financial frauds in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.

Their labors, which have already secured $14.5 billion of the estimated $17.5 billion investors put into Madoff’s sham investment business, didn’t cease with the financier’s death in prison in April.

Ongoing litigation by Irving Picard, a court-appointed trustee for the liquidation of Bernard L….

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