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:
“There exists in a great part of the Northern people a gloomy diffidence in the moral character of the government. On the broaching of this question, as general expression of despondency, of disbelief that any good will accrue from a remonstrance on an act of fraud and robbery, appeared in those men to whom we naturally turn for aid and counsel. Will the American government steal? Will it lie? Will it kill?—We ask triumphantly.”
—Ralph Waldo Emerson (1803–1882)