Descripción
After the SEC announced that Bernard Madoff had been operating a "Ponzi scheme," preliminary reports indicated losses totaling in the range of 50 billion dollars. The scandal has been front page news around the world, and individuals, charities, and the entire financial services industry are seeing disastrous consequences.
The catastrophe caused by Madoff's scheme has wide ranging legal implications.
To help TAGLaw firms, their affected clients, or associated investment advisors who want to learn more about the legal ramifications of such a massive fraud, TAG Academy is running this special webinar. Three lawyers from Berger Singerman will present. The first segment will discuss the avenues of recovery that look promising and those that do not. A second segment addresses tax issues emanating from losses and how the tax code may present investors with ways to generate cash as a result of the losses.
Finally, the implications of possible disgorgement claims that may be brought against investors who received distributions from the funds will be examined.
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