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Browse: Home / 2011 / April / 01 / “After Madoff: Fees for Lawyers, Others Untangling Mess Expected to Top $1 Billion”

“After Madoff: Fees for Lawyers, Others Untangling Mess Expected to Top $1 Billion”

By Securities Docket on April 1, 2011, 1:04 pm

Bernard Madoff’s Ponzi scheme cost many investors their life’s savings, but for the lawyers, accountants and consultants hired to clean it up, it has unleashed a gusher of cash.

The tab through the end of last year came to $288 million, and it is expected to grow by $1.1 billion in the coming years, according to a tally recently submitted to Congress.

Read more: After Madoff: Fees for lawyers, others untangling mess expected to top $1 billion — Washington Post

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Posted in Criminal | Tagged Madoff

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