Walter C. King Associates is offering tax recovery and forensic accounting services to investors who fell victim to Bernard Madoff's Ponzi scheme.
"The magnitude of the Madoff scheme is of unprecedented size," said the Westport, Conn.-based CPA and certified fraud examiner firm. "Our objective is to assist our affected clients compile the necessary information so that tax and economic recovery considerations can be addressed. From a tax point of view, amended returns may be required to correct previously reported income or theft losses claimed."
Madoff has admitted to running a giant $50 billion Ponzi scheme. He has been under house arrest at his luxury apartment, but prosecutors are seeking to revoke his bail after he was found to have mailed approximately $1 million worth of jewelry and other items to family members and friends in violation of a court-ordered freeze on his assets.
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