Madoff Fraud
Roth is one of the investors defrauded by Bernard Madoff in a "Ponzi Scheme" via Stanley Chais. He stated that his losses were heavy and he has lost his retirement money, although the full extent is unknown. As a result of the fraud and the associated losses, Roth is suing the estate of Chais, who died on September 26, 2010. Roth is rumored to be writing a screenplay dealing with the Madoff-Chais scandal.
Read more about this topic: Eric Roth
Famous quotes containing the word fraud:
“The disfranchisement of a single legal elector by fraud or intimidation is a crime too grave to be regarded lightly.”
—Benjamin Harrison (1833–1901)