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Ohio Estate Planning, Trust & Probate Law
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Since January 2006, A law blog (BLAWG) for professionals and the general public in Ohio regarding estate planning, trust and probate law.
Recent Posts Tagged With 'Fraud'
Madoff Seeking to Keep $62 Million in Assets
Despite his role in a fraud that may cost his victims in the vicinity of $50 billion, Bernard Madoff is seeking to keep a $7 million Manhattan penthouse and an additional $62 million in investment assets, claiming that those assets are his wife’s a...
The Elderly May be Targeted by Some Ponzi Schemes
The term “Ponzi Scheme” derives from a financial fraud perpetrated by con man Charles Ponzi, where he promised investors very high returns in a relatively short period of time. The initial investors are actually paid their returns from subseq...
Quote of the Month…So Far
“It was like riding a tiger, not knowing how to get off without being eaten.” - B. Ramalinga Raju, founder and chairman of Satyam Computer Services Ltd. in his letter of resignation. Mr. Raju, who received a master’s in business administrat...
That’s What Friends Are For
According to an article in The Wall Street Journal, Bernard Madoff received a whopping $250 million, ten days before his arrest, from an old buddy, Carl Shapiro. While a very nice gesture, it was insufficient to keep Mr. Madoff’s business afloat....
Quote of the Day
“Our complaint alleges a stunning fraud that appears to be of epic proportions”- Andrew M. Calamari, SEC associate director of enforcement, referring to a “Giant Ponzi Scheme” purportedly run by Bernard L. Madoff, a former chairman of the Nas...
