Judge Tells Madoff Investors They Won't Get All Their Fake Money Back

Judge Tells Madoff Investors They Won't Get All Their Fake Money Back

A federal judge shot down an appeal from Madoff investors who didn’t just want the money they’d invested back, they wanted the amount of money Madoff said they were worth on paper. The judge said that Madoff’s financial statements were “fictitious” and thus can’t be used as a basis for claims by investors. [More]