Clawback in a Ponzi Scheme – Maximum Tax Recovery

  • Total presentation time: 01:32:07

Seminar Outline:

  • Review of Direct Ponzi Scheme Losses
  • Clawbacks
  • Mitigation
  • Ponzi Loss – Summarize
  • Clawback – Tax Profits
  • Clawback – Principal
  • Summary
  • Safe Harbor
  • Net Operating Losses

Presentation Resources: Taxation of a Clawback in a Ponzi Scheme

  1. Presentation slides: download slides as pdf
  2. Seminar script: view text or download as pdf
  3. IRS Revenue Ruling: download as pdf
  4. Revenue Procedure: download as pdf

Report to Congress: Customer Outcomes in the Madoff Liquidation Proceeding

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars. View letter from GAO to Richard Lehman regarding his assistance.