“Melvyn Weiss’ Quest For Redemption”

by Walter Olson on September 30, 2010

Now released from prison, the former class-action baron “declined to say whether he regretted his actions.” Weiss — once acclaimed as the plaintiff’s bar’s top spotter of financial fraud — also turns out to have lost a ton of money to Bernard Madoff’s Ponzi scheme. The report is balanced, and cites Michael Perino’s work finding evidence that Weiss’s lies to judges worked to his own benefit as opposed to that of class members. It also recalls the heated claims by Democratic U.S. Reps. Charles Rangel, Gary Ackerman, Carolyn Maloney and Robert Wexler that Weiss was being railroaded on political charges — before he admitted the scheme and pleaded guilty, that is. [Jewish Week]

{ 1 comment }

1 AMcA 10.01.10 at 11:25 am

Awww, Melvyn Weiss got taken by Bernie Madoff.

My heart just breaks for him.

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