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It Pays To Discovery: Madoff Trustee Wants Another $43 Million
Tuesday, April 19, 2011 - 2:18pm | 169Read More...Discover used to have a commercial that said "It pays to Discover." In this case, I guess they mean "It pays to discovery." According to an article from Bloomberg, Irving Picard and his law firm want another $43.2 million for four months worth of work, which could bring the total pay out to $175....
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Bernie Madoff Pitching A Save For The Mets
Wednesday, February 16, 2011 - 12:12pm | 699Read More...Bernie Madoff is trying to pull a Fransisco Rodriguez, and save the owners of the Mets, Fred & Jeff Wilpon, saying they didn't knew about Madoff's scheme. Madoff also said that NY banks, like J.P. Morgan (NYSE: JPM) had to have known about the scheme. In an interview with the New York Times,...
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Irving Picard Files Suits Against Big Banks over Madoff Ponzi Scheme
Monday, December 13, 2010 - 1:05pm | 173Read More...Irving Picard is a busy man this week. As the trustee in the Bernard L. Madoff scandal, Picard is targeting big banks he feels turned a blind-eye to Madoff's Ponzi scheme, or did not use due diligence. Among the list of banks Picard is going after are: UBS (NYSE: UBS), sued for $2.5 billion,...
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Settlement Could Add To Recovery In Madoff Case
Wednesday, August 4, 2010 - 8:48am | 254Read More...Reuters tweets that a possible settlement with the estate of the late Jeffry Picower could substantially add to the recovery for the victim's of Bernie Madoff's Ponzi scheme to the tune of $2 billion. However, there are multiple lawsuits against Picower's estate that are causing a settlement to be...
