Vultures Circle Madoff Clients To Buy Their Claims
- Thursday, April 14, 2011, 8:19
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When the Madoff Ponzi scheme first broke in late 2008, it seemed most uncertain whether his investors would ever get their money back. At first, there was a black market for Madoff client claims at roughly 20 cents on the dollar.
http://blogs.forbes.com/robertlenzner/2011/04/14/vultures-circle-madoff-clients-to-buy-their-claims/