back to newsSEC Warns Investors Of Phony Web Site Targeting Madoff Fraud Victims
by 10 Mar 21:06
The Securities and Exchange Commission is alerting investors about a Web site
that falsely claims to have recovered $1.3 billion in funds hidden by convicted
Ponzi schemer Bernard Madoff in Malaysia. The site asks Madoff victims to submit
information to verify that they are on a refund list a ploy commonly used by
con artists to further rip off financial fraud victims.
