{"id":1382,"date":"2014-01-24T17:06:27","date_gmt":"2014-01-24T17:06:27","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/madoff_ponzi_scam_victims_win"},"modified":"2022-09-19T10:13:29","modified_gmt":"2022-09-19T15:13:29","slug":"madoff-ponzi-scam-victims-win","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/madoff-ponzi-scam-victims-win\/","title":{"rendered":"Madoff Ponzi Scam Victims Win Right to Appeal for Interest"},"content":{"rendered":"

\t\t\t\tA group of investors that were victimized in the Bernard Madoff Ponzi scam has won the right to appeal directly to a federal court about a bankruptcy ruling that prevents them from factoring in the amount of time they invested with the financial fraudster as interest that they want back. According to the US Court of Appeals in New York, the plaintiffs met the criteria for a “direct appeal” so that they won’t have to go through the district court first. <\/p>\n

U.S. Bankruptcy Judge Burton R. Lifland had said that “time-based” calculations might not be fair to creditors who are last in line for payments and that this could give a windfall to claims by traders even though they weren’t victims of Madoff’s scam. Lifland recently passed way. <\/p>\n

Madoff’s victims want bankruptcy trustee Irving Picard to put aside about $1.4 billion to pay back interest they say they are owed. They believe that factoring in time when equating damages allows for inflation to be considered.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A group of investors that were victimized in the Bernard Madoff Ponzi scam has won the right to appeal directly to a federal court about a bankruptcy ruling that prevents them from factoring in the amount of time they invested with the financial fraudster as interest that they want back. According to the US Court […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3886,3792],"tags":[],"class_list":["post-1382","post","type-post","status-publish","format-standard","hentry","category-madoff-ponzi-scheme","category-ponzi-scams"],"yoast_head":"\nMadoff Ponzi Scam Victims Win Right to Appeal for Interest — Investor Lawyers Blog — January 24, 2014<\/title>\n<meta name=\"description\" content=\"A group of investors that were victimized in the Bernard Madoff Ponzi scam has won the right to appeal directly to a federal court about a bankruptcy — January 24, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/madoff-ponzi-scam-victims-win\/\" 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