What is the main difference in the lack of asset forfeiture between Bernard Ebbers and Bernard Madoff?
Bernard Ebbers was co-founder & CEO of WorldCom and a fraudster. His fraud was related with accounting irregularities and he did one of the biggest accounting scandals in U.S. history. His firma admitted accounting mismanagement fraud of $3.9 billion in accounting and filed bankruptcy whereas the fraud was eventually figured out as $ 11 billion.
Bernard Madoff was former non-executive chairman of NASDAQ. He did biggest financial fraud in U.S. history related with Ponzi Scheme. He did fraud to the worth of $64.4 billion belongs to 4800 clients.
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