Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA
Sourced through Scoop.it from: www.stalawfirm.com
The Essense of Financial Crimes
“Rather fail wuth honor than succeed by fraud.” Sophocles
On a bright morning in March 2009, Bernard Mardoff pleaded guilty to defrauding his clients ti sixty-five (65) billion dollars in one of the largest Ponzi schemes the world has witnessed. The former chairman of Bernard L. Mardoff Investment Securities LLC is not serving a 150-year imprisonment after he was demanded to forfeit more than 17 billion dollars to reinstate his clients.