The Madoff Fraud: Unwinding a Ponzi Empire (Part 2)
An interview with David Sheehan
In late 2008, Bernard L. Madoff admitted to orchestrating the longest and largest Ponzi scheme in U.S. history, a crime spanning decades and defrauding investors of over $20 billion. David Sheehan, Chief Counsel to the trustee for the Madoff victims, discusses the fraud of the century.
Watch Part 1 of The Madoff Fraud: Unwinding a Ponzi Empire.
About David Sheehan
“A Ponzi scheme is a zero sum game.”
David Sheehan is a partner at Baker & Hostetler LLP and the Chief Counsel to the Securities Investor Protection Act (SIPA) Trustee for the global liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS). Sheehan oversees the liquidation on a global basis, managing more than 200 lawyers across the country as well as international legal teams, to investigate, unravel, and reconstruct the Madoff fraud for the benefit of victims of the fraud. Sheehan is an experienced litigator and has consistently been listed as one of The Best Lawyers in America© since 2003 in Bankruptcy and Intellectual Property. He is a fellow in the American College of Trial Lawyers and a Life Fellow of the American Bar Foundation. Sheehan has also served as a U.S. Navy Judge Advocate General’s Corps Lieutenant from 1969 to 1973.
