How to get money back from a Ponzi scheme in an equitable way
The fairest policy is for everyone to recover as much as possible, but investors should be able to recover the inflation-adjusted investment value
29 September 2020 - 17:32
No-one wins when money managers set out to defraud their investors, as Bernie Madoff infamously and spectacularly did for decades until his Ponzi scheme came to light in late 2008. But once the scheme is uncovered and the hard work of righting wrongs begins, regulators and courts need the tools to craft the fairest result possible.
In the context of Ponzi schemes, that means giving hoodwinked investors an equal opportunity to recover the value of their investments. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.