Legal Opinion
Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC
District Court, S.D. New York
Decided May 15, 2012No. 12 MC 115 (JSR)PublishedCited by 37 opinions
1Opinion of the Court
OPINION AND ORDER
JED S. RAKOFF, District Judge.
A “Ponzi” scheme, by definition, involves the use of funds received from new victims to pay monies transferred to prior victims who seek to withdraw the promised returns on their investments. A perennial issue when the scheme topples is whether and to what extent such transferred funds can be recaptured by a representative of the debtor’s estate or otherwise. See generally In re Bernard L. Madoff Inv. Sec. LLC, 654 F.3d 229, 231 (2d Cir.2011). Often, moreover, the resolution of this issue is partly a function of just what kind of Ponzi scheme was…
2Cases cited34 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
- Butner v. United StatesSupreme Court of the United States · 1979
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
29 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- In re: Bernard L. Madoff Investment Securities LLCCourt of Appeals for the Second Circuit · 2014
- Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC (In re Madoff)United States Bankruptcy Court, S.D. New York · 2019
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff Securities)District Court, S.D. New York · 2013
- Bank Markazi v. PetersonSupreme Court of the United States · 2016
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff)United States Bankruptcy Court, S.D. New York · 2015
32 more not listed; retrieve them via the Exa API.