01/18/2009 05:12 am ET Updated Dec 06, 2017

Ponzi Estate Sues Madoff Federal Prosecutors For Slander

Family of Famed Pyramid Schemer Loses Millions In Madoff Fraud

2008-12-18-Ponzi.jpg A spokesman for the Charles Ponzi estate revealed that the Ponzi family had lost untold millions in investments made with Madoff Securities and has sued in federal court demanding federal prosecutors, securities and exchange officials, the media as a whole cease and desist any further usage of Mr. Ponzi's name and legacy in referencing Bernard Madoff's purported crimes.

"It isn't bad enough that the family was duped out of millions, but for federal officials and reporters to continue to associate Mr. Ponzi's creative investment strategy to Bernard Madoff' outright scam does great harm by defaming Mr Ponzi's reputation," said Ponzi estate attorney, Rob READ THE REST OF THE UNBELIEVABLE LEGAL DETAILS HERE

Award-winning TV writer, Steve Young is author of "Great Failures of the Extremely Successful" ( and blogs at the appropriately names,