Justices End Madoff Investors' Fight For $41M In Ponzi Profits

Law360 (May 3, 2021, 3:27 PM EDT) -- The U.S. Supreme Court on Monday declined to hear an appeal from investors who profited from Bernie Madoff's Ponzi scheme, shutting down their effort to avoid returning $41 million in fraudulent proceeds to the trustee overseeing the late con man's bankruptcy estate.

The justices denied a March 30 petition for review brought by former clients of Bernard L. Madoff Investment Securities LLC without giving a reason, as is typical. The Madoff investors, including Turtle Cay Partners and South Ferry Building Co. LP, had sought review of a Second Circuit finding that they can't keep anything beyond their principal investment in the fund under...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!