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Restorative Payments

In March 2009, Bernard L. Madoff pleaded guilty to federal charges involving a Ponzi scheme. In a Ponzi scheme, money contributed by new investors is used to make payments to existing investors. At some point, the perpetrator can't bring in enough new money to make the payments to existing investors, so the scheme eventually collapses.

Bruce D. Steiner | Jun 01, 2011

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In March 2009, Bernard L. Madoff pleaded guilty to federal charges involving a Ponzi scheme. In a Ponzi scheme, money contributed by new investors is used to make payments to existing investors. At some point, the perpetrator can't bring in enough new money to make the payments to existing investors, so the scheme eventually collapses.

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TAGS: Research / WMIQ Estate Planning Practice Management Archive

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