Connect with us

Hi, what are you looking for?

Law

Gary W. Roberts pulls up referrals in Madoff case

Gary W. Roberts, Esq., and a Florida civil trial attorney is making headlines with his handling of the Madoff case, which is one of the largest and most controversial Ponzi case at the moment. When there is a case of such magnitude then heads are bound to roll and maybe some innocent ones too. The latest in the block is the social interacting done to increase business.

Gary W. Roberts comes down hard on those who built up the social networking over parties and, according to him the referrals made at parties are no longer innocent if it led to referrals in the Ponzi scheme the brain behind of Bernard Madoff.

Gary W. Roberts is a renowned Palm Beach trial attorney. He deals with both civil and criminal law case dealing with fraud. He alleges that many referrals were passed during seemingly innocent parties and later referral fees were paid privately. The Madoff Ponzi fraud involves thousands of investors who have been gulled into investing their money with Madoff. A large part of these investors were senior citizens who invested their life long earnings. The potential targets were pointed out to Madoff by common acquaintances. These references for a consideration are held responsible for the magnitude of the fraud. The acquaintances not only gave referrals but also assured the new referrals about the authenticity of Madoff investments. This now seems to be a fatal error.

According to Roberts even if one does not take any money and makes a wrong referral he is liable to be punished. With the number of cases of fraud and the growing numbers of those affected the attorneys are looking for more loopholes to cope with this financial tragedy.

You May Also Like

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

Health News

The cosmetic and facial plastic surgery practice is hosting a grand opening celebration and ribbon cutting for its new Chattanooga state-of-the-art location.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...