At Weltman & Moskowitz, LLP, we represent New York and New Jersey residents targeted by lawsuits for the recovery of money or property under the Securities Investor Protection Act of 1970 (SIPA) or United States Bankruptcy Code. The firm’s attorneys are currently representing victims of several Ponzi schemers against trustees seeking to bring clawback actions alleging fraudulent conveyance and/or preference claims.

If you have received a clawback letter from a bank trustee or a representative of the Securities Investor Protection Corporation (SIPC), it is important to take swift action to protect your rights and interests. Contact us to schedule a free consultation with an attorney.

Defense of alleged avoidance actions

Often brought in the wake of a revealed Ponzi scheme, clawback actions are often brought by the debtor’s trustee to recover funds advanced to the investor by the architect of the Ponzi scheme. Clawback actions attack the motives of those named in the lawsuit, and often allege:

  • A person intentionally reallocates resources by transferring titles of property or by distributing liquid assets, leaving little to nothing for creditors. In the context of the widely known Madoff Ponzi scheme, the trustee seeks to claim back funds advanced to innocent Madoff victims, particularly in the case of what the trustee is calling “net winners.” At Weltman & Moskowitz, LLP, we provide clawback litigation defense for victims of Ponzi schemes.

Experienced representation for bankruptcy and SIPA matters

At Weltman & Moskowitz, LLP, we have extensive experience handling clawback litigation. Our skilled lawyers understand what it at stake for our clients, and strive to protect their reputations, finances and businesses.

Contact Weltman & Moskowitz, LLP to arrange a consultation with an experienced clawback litigation defense lawyer.

For further information on this topic or to discuss your case, please contact Richard E. Weltman or Michael L. Moskowitz by telephone, fax or email.

> Back To Top

Related Articles

Welt Mosk Below Footer Image

Subscribe to our Blog

Email Address