5 years ago
Ponzi scheme: Bernie Madoff victims in Luxembourg still to receive compensation
According to the Financial Times (FT), Luxembourg-based victims of Bernie Madoff's ponzi scheme have not received any compensation - and none is on the horizon. Bernard (Bernie) Madoff's ponzi scheme defrauded an estimated 4,800 clients of an estimated 36bn USD of which half has been recovered — a crime for which Madoff, 80, is currently serving a 150-year prison sentence.
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