Madoff charged with fraud and Ponzi scheme of stunning and epic proportions, involving fictitious account statements sent to investors for over a decade.

The SEC has charged Bernard Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC (“BMIS”), with perpetrating a multibillion dollar Ponzi scheme. The securities fraud has been characterized by the SEC as massive in both scope and duration with estimates of losses of $50 billion.

Meyerson & Miller has formed an experienced securities fraud team and Task Force to represent the victims of the Madoff Ponzi scheme (and other similar criminal scams). The firm is co-venturing the securities fraud team with Durant & Durant LLP, which has handled thousands of securities cases of every conceivable type from arbitrations to class actions. Jack Meyerson and Marc Durant are both former federal criminal fraud prosecutors. Together they have more than 70 years of legal experience in aggressively pursuing fraudsters and in obtaining recoveries for victims of securities schemes and frauds. Debora O’Neill has maintained an active commercial and class action practice for more than 25 years in complex civil cases, including multi-district litigation. Rita Durant has over 25 years of litigation experience, the vast majority of which involving securities litigation. The firms have handled hundreds of civil and criminal business, financial and securities cases, including lengthy trials, representing both plaintiffs and defendants.

The task force team will aggressively pursue not only Madoff but also all investment advisory firms, accounting firms and other related entities without which complicity Madoff could not have accomplished this fraud. The team will seek all available compensatory and punitive damages for the victims of financial fraudulent schemes, handling each investor’s claim on an individual basis to maximize recovery. Our team has the advantage and experience that comes from being prior U.S. Attorneys and criminal prosecutors and, as a result, is able to co-ordinate our civil collection efforts with pending governmental civil and criminal actions.

We are currently representing Citi victims. If you would like our team to evaluate your Citigroup investment claim, please contact us.