A Roadblock to Recovering Money for Madoff’s Victims

Most investors lose almost all of their money once a Ponzi scheme collapses, and the trustees appointed to clean up the mess try to find any deep pocket available to recover something. Unfortunately for the trustees, the legal doctrine of “in pari delicto,” Latin for “in equal fault,” may block any recovery.

via A Roadblock to Recovering Money for Madoff’s Victims — DealBook.