A recent New York Times article by Andrew Ross Sorkin
severely and unfairly criticizes Irving Picard, the trustee for the Bernard L.
Madoff Ponzi scheme. It states, "Mr. Picard has had much more success
collecting money for himself and a dozen law firms and consultants than any
victim of Mr...
A class of Madoff investors has settled with Fairfield
Greenwich and its related entities for up to $80.25 million.
These entities were Madoff feeder funds that had invested
over $4.5 billion with Madoff. In their second amended complaint, the investors
asserted claims of common law fraud federal...
Just in time for Valentine's Day, the court-appointed
bankruptcy trustee overseeing the aftermath of Bernard Madoff's $65 billion
Ponzi scheme has sought court approval to make a third
distribution to victims. Irving Picard, the bankruptcy trustee,
indicated his intention in today's court...