Madoff Costs Surpass Victim Pay-Offs ...

Madoff Costs Surpass Victim Pay-Offs as Strategy Lies in Ruins

There are 1 comment on the Bloomberg story from Apr 29, 2012, titled Madoff Costs Surpass Victim Pay-Offs as Strategy Lies in Ruins. In it, Bloomberg reports that:

Irving Picard , who said last year he hoped to pay investors in Bernard Madoff's defunct firm as much as $65 billion, has only put his hands on about $2.6 billion to actually give back to customers.

Join the discussion below, or Read more at Bloomberg.

Stan Stein

United States

#1 May 1, 2012
While swindled investors involved in claw back actions are forced to hire lawyers at $400-$800 an hour to fight Pickard's lawyers the bell keeps going ching ching. Is this just a lawyers game to keep the action going on for the next two years costing investors even more money thatn have lost already with Pickard's lawyers calling innocent investors greedy. Screw this whole always the lawyers are the only winners and since they make the laws and then defend them and are the ones to change them when they get to Congress many of us will lose forever.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Bernie Madoff Discussions

Title Updated Last By Comments
News U.S. expects Madoff $4 billion fund payout to s... Oct '17 indict TOM MARINO 2
News Islam critic Ayaan Hirsi Ali says shut down Mus... (Mar '17) Oct '17 Guido 4
News Marie Osmond says she's not performing at Trump... (Feb '17) Oct '17 achtung Becht 2
News Madoff Case Trustee Targeting Sons, Brother: Re... (Sep '09) Oct '17 madoff zyonizm 24
News Caroline Boyle's Guilty Plea Is Her Ticket to t... Aug '17 fake picture 1
News Three teenage burglars shot dead by Oklahoma re... (Mar '17) Apr '17 pgh 14
News Teenager arrested on suspicion of stabbing his ... (Mar '17) Mar '17 anonymous 1
More from around the web