Second Circuit Upholds the Madoff Trustee’s Calculation of Fraudulent Transfer Claims
Fictitious profits in account statements don’t represent ‘value’ and give rise to a defense for receipt of a fraudulent transfer with ‘actual intent,’ the Second Circuit rules.
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Case Details
Case Citation
Gettinger v. Picard (In re Bernard L. Madoff Investment Securities LLC), 19-0429 (2d Cir. Sept. 24, 2020).
Case Name
Gettinger v. Picard (In re Bernard L. Madoff Investment Securities LLC)
Case Type
Business