The Essence of Financial Crimes – STA Law Firm

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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.


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