Diamond McCarthy Partner Kathy Bazoian Phelps Quoted in Bloomberg Article
December 8, 2018
Diamond McCarthy Partner Kathy Bazoian Phelps was recently quoted in Bloomberg’s finance article, “Madoff’s Victims Are Close to Getting Their $19 Billion Back”. The article remarks on the outstanding retrieval of investments of Bernard Madoff's victims.
Approached for her expertise and insight on Ponzi schemes, Kathy notes in the article that this type of recovery is “extraordinary and atypical,” as Ponzi scheme recoveries normally range from five to thirty percent.
Bloomberg is a privately held financial, software, data, and media company that reports on business and markets news, data, analysis, and video.
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