Faculty Notes

Prof. Ronald Colombo on Madoff Scandal: The Only Winners Are the Lawyers

Ronald J. Colombo, Associate Dean for Academic Affairs and Professor of Law

Lawyers Make Millions Off Madoff Mess
By Aaron Smith
CNN Money
February 16, 2011


Bernard Madoff’s Ponzi scheme left thousands of victims in its wake — and lawyers and consultants are reaping millions in payments from the financial devastation.

“The only winners in the Madoff scandal are the lawyers,” said Ronald Colombo, associate law professor at Hofstra University in Hempstead, N.Y. “But that’s the nature of the beast.”

To read the full article, visit http://money.cnn.com.