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:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)