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Estates Of Madoff Sons Fight Returning Money

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Mark Melin
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The estates of Madoff sons Mark and Andrew fight on as most of the family has settled with the court.

Bernard Madoff, author of the world’s largest Ponzi scheme, might have been held to account for his actions, but the estates of his sons Mark and Andrew are continuing to fight trustee Irving Picard, who has been fighting to recover lost monies due to fraud.

Also see Harry Markopolos Warns Of Three New Massive Ponzi Schemes

Madoff sons

Estate of Madoff sons fight on

"Almost eight years since Madoff’s arrest, the Madoff brothers have not returned a dime from the millions of ill-gotten gains that funded their extravagant lifestyles, desperately clinging to illicit proceeds taken from the...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.