Powers On… Why Bernie Madoff should be a powerful lesson to stock and crypto memecoin investors

Cointelegraph

Published May 11, 2021 10:03AM ET

Updated May 11, 2021 11:40AM ET

Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on 'Blockchain, Crypto and Regulatory Considerations.'

I was downstairs at a bar on the Upper East Side of Manhattan that Thursday evening, December 11, 2008, playing a friendly game of Texas Hold ‘em when the calls began.

h3 Lessons still to learn from the Madoff scandal/h3 h3 Dogecoin should scare you right now/h3 h3 Updates from Powers On.../h3
Marc Powers is currently an adjunct professor at Florida International University School of Law, where he is teaching “Blockchain, Crypto and Regulatory Considerations.” He recently retired from practicing at an Am Law 100 law firm, where he built both its national securities litigation and regulatory enforcement practice team and its hedge fund industry practice. Marc started his legal career in the SEC's Enforcement Division. During his 40 years in law, he was involved in representations including the Bernie Madoff Ponzi scheme, a recent presidential pardon and the Martha Stewart insider trading trial.

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