Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
https://www.wsj.com/articles/the-amazing-madoff-clawback-1543620951?mod=searchresults&page=1&pos=1
Above is a very interesting article on the guys in charge of settling accounts after Bernie Madoff's scheme was expose. It seems they have restored about 75% of the originally invested money people actually lost.
Personally, I find this amazing. I had thought at one point if the victims got back 20% they would be doing well. Good for them. I can only imagine all the amended income tax forms that must have been filed thanks to Mr. Madoff's scheme.
FWIW, the two guys doing this are 77 and 74 years of age.
Above is a very interesting article on the guys in charge of settling accounts after Bernie Madoff's scheme was expose. It seems they have restored about 75% of the originally invested money people actually lost.
Personally, I find this amazing. I had thought at one point if the victims got back 20% they would be doing well. Good for them. I can only imagine all the amended income tax forms that must have been filed thanks to Mr. Madoff's scheme.
FWIW, the two guys doing this are 77 and 74 years of age.
and then there is this:Irving Picard, clean-shaven and measured of speech, is 77. He is the court-appointed trustee who oversees a labyrinthine effort to recover money stolen from investors by Bernard L. Madoff, currently serving a 150-year sentence for running the most massive Ponzi scheme in history. David Sheehan, gray-bearded, is 74. By far the more talkative, he is chief counsel to Mr. Picard, in the latter’s role as Madoff trustee. Since their appointment on Dec. 15, 2008, the two have done nothing else, day after day, but look for and claw back ill-gotten Madoff loot.
they each get paid around $1,000 an hour.
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