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$10 billion
- 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 billion from money paid out to Madoff investors.
www.pbs.org/newshour/politics/madoff-settlement-will-bring-7-billion-back-to-victimsMadoff Settlement Will Bring Over $7 Billion Back to Victims
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On April 17, 2009, Picard sued Kingate Management Ltd. for the return of $255 million transferred to it shortly before Madoff Investment's collapse. Beginning in the mid-1990s, feeder funds Kingate Global and Kingate Euro, created by Carlo Grosso, channeled $1.7 billion of his client's money to Madoff. [ 36 ]
Dec 11, 2023 · In addition to the Madoff Victim Fund, lawyer Irving Picard, the court-appointed trustee overseeing the liquidation of Madoff’s firm, has also recovered more than $14.6 billion for Madoff’s...
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.
Apr 14, 2021 · Irving Picard, the court-appointed trustee in the Madoff case, has recovered more than $14.4 billion of the $20 billion in stolen assets. Of that, $13.6 billion has been returned to investors...
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 17, 2010 · 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...
Less than one month after the discovery of the BLMIS fraud, the SIPA Trustee and his counsel announce the recovery of $29 million from the Bank of New York, the first of the funds stolen through the Ponzi scheme that are recovered.
