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Madoff fraud: "Deep pockets, look out"



As AmLaw Daily confirms, the bulk of litigation will be directed not against Madoff himself or any others inside the scheme, from whom collection prospects are apt to be unpromising, but against solvent third-party managers, auditors and others who allegedly should have done more to uncover his fraud.

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Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.