The Madoff Clawback Saga Is Almost Over

摘要

1.THE ORIGIN Remember when Bernard Madoff acknowledged operating the biggest Ponzi scheme ever, bilking investors out of $17.5 billion? That was 11 years ago. Since then, Irving Picard, the trustee in the Madoff bankruptcy, has filed hundreds of lawsuits to recover money for Madoff victims. He's clawed back $14.2 billion so far. But there's one bucket of money he hasn't been able to get at: about $3.2 billion held by foreign banks.