Carmen Dell'Orefice Dell'Orefice. Madoff's fraudulent investment scheme drew on these funds to lure over 13,500 individuals and charities to his Ponzi scheme. She continued to socialize with the Madoffs after Levy's death. In December 2008 a 68-year-old friend, who invested her life savings with Madoff, telephoned Dell'Orefice to inform her that she too had been bankrupted by the scheme. Dell'Orefice said, "For the second time in my life, I've lost all of my life savings." Carmen Dell'Orefice Carmen Dell'Orefice (; born June 3, 1931) is an American model and actress. She is known within the fashion industry for being the world's oldest
Fraudulent trading trading is normally a requirement to establish wrongful trading, but not fraudulent trading). The effect of a successful application for fraudulent trading varies between different legal systems. In some countries, the assets contributed by the directors are treated as general assets which may be taken by any secured creditors who may have a security interest which attaches to all the company's assets (characteristically, a floating charge). However, some countries have "ring-fenced" payments made for fraudulent trading so that they are made available to the pool of assets for unsecured creditors. Fraudulent trading is entirely separate and distinct from "insider trading",