Abstract

December 11, 2018 was the tenth anniversary of Bernie Madoff's arrests, but Ponzi schemes and the courts efforts to address them and to recover funds for defrauded investors continue. In many cases, the courts are using the state-law equivalents to the Uniform Fraudulent Conveyances Act or the newer Uniform Voidable Transactions Act as cases in Colorado and California did in December 2018. In the meantime, the Madoff trustee has made significant recovery for the investors defrauded by Madoff's Ponzi scheme.

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