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Bookmark or Share- Recovery of funds from the Madoff investment scandalOn December 17, 2010, it was announced that a settlement of $7.2 billion had been reached between Irving Picard and Barbara Picower, Picower's widow, the executor of the Picower estate to resolve the Madoff trustee suit, and repay losses in the Madoff fraud.
- Even after Madoff’s death, work to unwind epic fraud goes onOngoing litigation by Irving Picard, a court-appointed trustee for the liquidation of Bernard L. Madoff Investment Securities, and his chief counsel, David Sheehan, could potentially pull in billions of dollars more.
- What Bernie Madoff proved about America and the JewsIrving Picard, a court-appointed trustee, has spent all these years seeking to “claw back” some of those fictional profits to make restitution to those who lost everything. In a settlement, Hadassah paid $45 million into that fund, which was not an indication of wrongdoing.
- Madoff Settlement Will Bring Over $7 Billion Back to VictimsThe settlement — announced Friday afternoon by federal prosecutors and Irving Picard, the court-appointed trustee of the Madoff recovery fund — means that Picard has now recovered more than...
- Innocent Madoff investors must pay back profits, court rulesThe 2nd U.S. Circuit Court of Appeals in Manhattan upheld lower-court decisions in cases filed by Irving Picard, a court-appointed trustee who has recovered money for cheated investors for over a decade.
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