Investigation Overview
According to a press release there is an investigation on behalf of participants in retirement savings and pension plans affected by the Madoff Ponzi Scheme announced.
The investigation, so the press release by the law firm focuses on legal options of the participants in retirement savings and pension plans that have been affected by the long-running Ponzi scheme at Bernard Madoff Investment Securities. The ongoing investigation by the U.S. Securities and Exchange Commission has revealed that Madoff kept several sets of books and false documents, and provided false information involving his advisory activities to investors and to regulators and tt has been reported that this scheme has cost investors over 50 billion dollars. In addition, so the investigation, preliminary reports indicated that intermediaries who advised investment in Madoff knew or should have known that the firm was engaged in wrongdoing based on suspicious returns and other signals of misconduct.