FINANCE

摘要

Some of Bernard Madoff' s ex-clients claim their losses are being understated. In a lawsuit filed in bankruptcy court in Manhat -tan on June 5, the investors, who are elderly and had invested with the fraudster for years, object to the way Irving Picard, the trustee overseeing the liquidation of Madoff's assets, is doing the calculations. Picard determines loss by figuring the difference between what an investor put in and what was withdrawn. But in their suit the investors say they should be given credit not just for what they put in but for the far higher amount Madoff told them they had in their accounts. The difference in methods may determine whether they qualify for up to $500,000 in compensation from the Securities Investor Protection Corp.-a huge amount, since some are broke.