Friday, December 19, 2008

Bernard Madoff Screwed Feds to the Tune of $17 billion in Ponzi Scheme

Even Uncle Sam may get burned by Bernard Madoff. Investors who lost their fortunes in Madoff's alleged Ponzi scheme will end up paying far less in taxes and may even be eligible for refunds, according to accounting experts. By some estimates, the Internal Revenue Service could be out as much as $17 billion in lost tax revenue.

read more | digg story

No comments:

Post a Comment