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Madoff Investors Hang Hopes On Securities Laws

This article is more than 10 years old.

Bernard Madoff is expected in court Thursday and likely to plead guilty to eleven felony charges.

Documents show the financier may have swindled up to $68 billion dollars, more than was previously thought. People who lost money in the alleged Ponzi scheme, including dozens in Massachusetts, want to know how much money, if any, they'll get back.

A Madoff trustee has said they will work on what's called "claw back," which means redistributing gains made from some investors in the scheme to those who lost money.

To talk about paying back investors, we turn to Tamar Frankel. She's a professor of law at Boston University and an authority on financial regulation.

This program aired on March 12, 2009. The audio for this program is not available.

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