Sunday, October 31, 2010

Madoff money: Trustee spent $26M recovering $849G for victims

Madoff money: Trustee spent M recovering 9G for victims
A trustee overseeing the bankruptcy of Bernard Madoff's investment firm spent $ 26.9 million in the second and third quarters to recover $ 849,000 for Madoffs victims, according to a federal court filing. Irving Picard, the trustee, said in a filing with Manhattan federal court that much of the...
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