Wednesday marked the five-year anniversary of Ponzi scheme king Bernard Madoff’s arrest. Unfortunately, most investors still haven't learned the lessons Madoff's ponzi scheme should have taught. Today's surging markets have caused some investors to lower their guard when it comes to protecting against fraud. Here are eight lessons investors can learn from the billions Madoff stole from his victims—things advisors should also be aware of as clients become more scrutinizing.
Andrew Stoltmann is an attorney with the Stoltmann Law Offices in Chicago. He exclusively concentrates his practice in representing investors who are the victims of investment fraud. Previous to opening the Stoltmann Law Offices P.C., he was a partner in a law firm concentrating its practice in the representation of investors in lawsuits, arbitration claims and class actions against brokerage firms. Stoltmann is currently an adjunct securities law professor at Northwestern University School of Law in Chicago.