Madoff Cut Dead Client’s Payout With Fake Loss, Jury ToldErik Larson
Bernard Madoff’s deputies made fake paperwork showing trading losses to save $1.7 million owed to an investor who died with “too much money” in his account even as the firm was being flooded with new customers and cash in the 1990s, the con man’s former finance chief told a jury.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals
- The World’s Biggest Wealth Fund Hits $1 Trillion
- Equifax Stock Sales Are the Focus of U.S. Criminal Probe