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Banks Pay Overseas Madoff Investors $15.5 Billion

About 720,000 investors outside the United States who lost money to the convicted swindler Bernard L. Madoff have settled with their banks, receiving about $15.5 billion in all, according to law firms representing those victims of the fraud, Raphael Minder and Diana B. Henriques of The New York Times report. Click here for NY Times article.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action & Protection is forging ahead with a legislative agenda to address SIPA and IRC relief for fraud victims. Click here to Donate now.
Not a NIAP member? Click here to register (Membership is free).

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Florida Congresswoman Makes the Point on the House Floor

Congresswoman Ileana Ros-Lehtinen, from South Florida’s 18th district, makes two compelling presentations on SIPC and Tax issues of importance to Madoff and other fraud victims. Although supporting the recent Pascrell tax bill (HR5058), we’ve heard that the Congresswoman may be presenting her own legislation in the very near future to restrict clawback, similar to the recent Ackerman legislation (HR 5052). We’ll keep you posted. In the meantime, please thank the Congresswoman for her support and especially encourage her to continue to reach out to her colleagues on both sides of the isle to make the case.

View videos of presentations below:

URGENT GRASSROOTS REQUEST FOR LETTERS OF SUPPORT FOR HR 5032

CALL TO ACTION! – Join NIAP’s Grassroots letter writing campaign in support of the Ackerman bill H.R. 5032 -The Ponzi Scheme Investor Protection Act of 2010!

CLICK HERE for more information on the bill and detailed instructions on how to send your letter.

www.madoff-help.com in collaboration with NIAP – Network for Investor Action & Protection is forging ahead with a legislative agenda to address SIPA and IRC relief for fraud victims. Click here to Donate now.
Not a NIAP member? Click [...]

New – Pending Legislation Available on www.investoraction.org

We’ve added a new PENDING LEGISLATION tab to the NIAP website at www.investoraction.org……! Here you will be able to find information on the House and Senate bills we’re tracking, including the full text of the bill, the current status, and any recent events. Visit www.investoraction.org to access this new [...]

NIAP’s Letter to Congress

NIAP writes Congress requesting support for Ackerman’s H.R. 5032 bill. Click here to [...]