September
2010
Friday, June 26, 2009
NEWS WIRE SERVICES, Daily News

Judge orders Madoffs to forfeit $170B

U.S. District Judge Denny Chin Friday signed an order forcing the Madoffs to forfeit $170 billion to compensate victims of his $65 billion scam.

The $170 billion represents the total amount of money that could be connected to the fraud, not the amount stolen or lost. 

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Posted by Editor on 06/26/09 at 12:49 PM •  (0) Comments

Tags:  banking, ponzi scheme, wall street, bernie madoff, madoff, ruth madoff,

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