Madoff Claims
Burned investors are reeling in the aftermath of the revelation of the notorious Bernard L. Madoff fraud scheme. Unwitting Ponzi victims span the globe throughout an array of industries and professions. The fallout has further devastated an already unsteady financial climate.
As sophisticated investors already know, before hedge fund managers take their investors' money and invest it, they are obliged to first conduct an in-depth review of the prospective investment. This vetting process is commonly referred to as due diligence. Questions abound as to how a $50 billion scheme went undetected for so long, especially given hedge fund managers' due diligence responsibilities. One obvious answer is that the hedge fund managers were derelict in their obligations to their investors. Their dereliction may well be actionable.
The law firm of SAMUEL STEIN, a leader in class action litigation and a firm dedicated to obtaining relief for aggrieved investors, is accepting plaintiffs for its planned lawsuit against an assortment of hedge fund managers. If you have been the victim of the Madoff Ponzi scheme, call our office immediately. Our team of seasoned legal professionals will advance your rights and fight to recoup your losses.