NEW YORK AP - Investing a dollar and getting 10 cents back in return is a bad deal even in today's market. But recovering 10 cents on the dollar might be optimistic for investors who gave their cash to the Ponzi scheme that Bernard Madoff ran.Moreover, they face a years-long process to get any money back as investigators search to find Madoff's assets.
January 20, 2009 at 12:00 AM
1 minute read
NEW YORK AP – Investing a dollar and getting 10 cents back in return is a bad deal even in today’s market. But recovering 10 cents on the dollar might be optimistic for investors who gave their cash to the Ponzi scheme that Bernard Madoff ran.
Moreover, they face a years-long process to get any money back as investigators search to find Madoff’s assets. Dozens of lawsuits and the possibility the fraud was committed over decades makes the chance of recovery even more difficult.
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