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Diamond McCarthy's Kathy Bazoian Phelps Quoted Fox News About Bernie Madoff Billion-Dollar Ponzi Scheme

March 7, 2020

Diamond McCarthy Senior Counsel, Kathy Bazoian Phelps, was recently quoted in Fox News, “Bernie Madoff billion-dollar Ponzi scheme and what he wants now: Everything you should know.”

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 and that in many cases, the victims get nothing.

Phelps is the author of “Ponzi-proof Your Investments, An Investor’s Guide to Avoiding Ponzi Schemes and other Fraudulent Scams.” The book informs future investors of the knowledge needed before investing, shines a spotlight on the warning signs of deceitful investments and ways to better increase the odds of avoiding financial fraudulent schemes.

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