Faux website looks to scam Madoff victims

As if things weren’t tough enough for Bernie Madoff’s victims: Scam artists have created a faux website mimicking that of the agency handling claims for the swindler’s investors.

The phony group claims to be based in Geneva and has created a web site that looks similar to the one run by the Securities Investor Protection Corp. The real SIPC is an insurance fund that covers up to $500,000 of investor losses in the event of a brokerage firm failing.

Full story: Faux website looks to scam Madoff victims – Daily Business Update – The Boston Globe