SIPC warns of web scam targeting Madoff victims
Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.
Getting burned by Bernard Madoff wasn't bad enough. Now, victims of the Madoff fraud appear to be a target of a scam operated by Internet con artists.
The Securities Investor Protection Corporation, which maintains a special reserve fund to protect the customers of insolvent brokerage firms, said
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