Investors in Bernard Madoff’s Ponzi scheme are entitled to refunds on state taxes paid for gains that never existed, a New Jersey Tax Court judge held in an opinion released Tuesday.

Judge Gail Menyuk overturned a decision by state tax authorities to deny a refund to John and Cathy Dalton, a Middletown couple who invested nearly $700,000 with Madoff.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]