Bernie Madoff Investigation

As has recently been reported, federal prosecutors in New York City filed a criminal complaint against Bernard L. Madoff on December 11, 2008, alleging criminal violations of the federal securities laws.

According to the criminal complaint, Madoff admitted that the investment advisory business he ran as part of his securities firm, Bernard L. Madoff Investment Securities LLC, was “just one big lie” and “basically, a giant Ponzi scheme” in which he estimated investor losses of up to $50 billion.

Published reports since the scandal broke suggest that Madoff relied for new cash on a network of promoters, who solicited and acquired money from investors around the country and the world and sent it to Madoff for investment, in some cases without the investors’ knowledge.

These reports have raised serious questions about the relationship between these promoters and Madoff, and the extent of due diligence they performed, if any.

The Schubert firm is investigating claims in connection with the Madoff Ponzi scheme, including possible claims against such promoters for violations of state and/or federal law.

Contact Us

If you are a victim of the Madoff Ponzi scheme, please contact Robert C. Schubertrschubert@legalppc.com/schubert or Willem F. Jonckheerwjonckheer@legalppc.com/schubert at 415-788-4220.