Irving Picard's calculation method was approved in spite of victims' complaints.
Well, THIS is awkward.
Five Madoff grandchildren are named in lawsuits to recover funds for Ponzi scheme victims.
Irving Picard spent $26.9 million to recover $849,000.
Madoff trustee Irving Picard rips Bernie's feeder fund a new one.
At least someone is.
J. Ezra Merkin's funds are still getting sued for $564.6 million, but some of that money will have to come from the funds that lost it all.
The trustee of the Madoff estate is loathed by mostly everyone. :(
Now the trustee charged with recouping money for defrauded investors says that Fairfield Greenwich executives knew too much to be innocent, and owe billions for their collusion.
Real-estate brokers have been invited to visit the Ponzi schemer's house, while he's still in it! Awkwardness ensues.