Document Type
Article
Publication Date
8-2009
Abstract
With an estimated $65 billion lost from trust funds, retirement plans, pensions, investment funds, inheritance monies, and nonprofit organizations, many people have been adversely affected by the Ponzi scheme perpetrated by Bernard L. Madoff. When you combine a lot of lost money with a lot of angry people, the result is a lot of lawsuits. The breadth of those lawsuits will encompass all associated with the affected organizations--including CPAs. Those messages were loud and clear at the May 27, 2009, breakfast symposium "Are CPAs the Next Madoff Victims? The Accountant's Liability," sponsored by The CPA Journal.
Recommended Citation
Scarpati, Stephen, "How the Madoff Fraud Could Affect Your CPA Practice" (2009). WCBT Faculty Publications. 54.
https://digitalcommons.sacredheart.edu/wcob_fac/54
Comments
Originally published:
Scarpati, Stephen. "How the Madoff Fraud Could Affect Your CPA Practice." CPA Journal 79.8 (Aug 2009): 23.