With three new lawsuits filed against investment ”feeders” of Bernard Madoff’s alleged $65 billion “Ponzi” scheme, federal investigators are slowing unravelling the mechanics of history’s biggest investment ripoff. School of Law Professor Tamar Frankel, a legal-ethics expert and authority on fiduciary law, says the “middlemen” in the Madoff scheme should have know what was going on.
“The more they were paid for ‘feeding’ Madoff, the more careful they should have been about their clients’ investments.”
Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu
