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$14.4 billion
- Irving Picard, the court-appointed trustee in the Madoff case, has recovered more than $14.4 billion of the $20 billion in stolen assets.
www.cnn.com/2021/04/14/business/bernard-madoff-ponzi-scheme/index.html
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Picard was seeking to recover almost $7 billion from Fairfield, claiming that it had facilitated the fraud by operating feeder funds. Fairfield had previously settled a suit filed by the Massachusetts Secretary of the Commonwealth for $8 million to cover losses of 15 investors from that state.
Sep 24, 2020 · Picard has reported recovering over $14.3 billion for investors who lost over $17.5 billion that they invested. The collapse of the Ponzi scheme left many investors severely damaged financially because they were told their investments had grown much larger than what they started with.
Dec 16, 2018 · Irving Picard and David Sheehan, the lawyers who've been overseeing the liquidation of the firm, have recovered more than $13 billion of that money so far - more than two-thirds.
Dec 11, 2018 · Irving Picard, the Madoff trustee overseeing the clawback of funds stolen by Bernie Madoff, announced on Yahoo Finance's Midday Movers, that a motion is being filed in federal bankruptcy court...
The settlement — announced Friday afternoon by federal prosecutors and Irving Picard, the court-appointed trustee of the Madoff recovery fund — means that Picard has now recovered more than $10...
Jun 2, 2021 · Picard’s quick success at recovering some money spawned a mini-industry of firms offering Madoff victims immediate cash in return for their rights to whatever the trustee recovered.
Oct 28, 2009 · The trustee in charge of recovering assets from Bernard Madoff’s fraudulent investment operations said on Wednesday $21.2bn had been lost through his Ponzi scheme, an amount far higher than...
