Tag archive for ‘Irving Picard’
News On Saturday, February 6th, 2016

Why is U.S. sitting on $4 Billion in Madoff fund?

  There’s a $4 billion pot of cash at the Department of Justice for victims of Bernard L. Madoff’s Ponzi scheme. Thousands of them have been trying to tap the fund since it was set up three years ago, More...

News Brief On Sunday, December 6th, 2015

Madoff victims getting holiday treat with $1.1 million checks

  A week before the anniversary of Madoff’s Dec. 11, 2008, trustee,  Irving Picard,  begins sending out a total of $1.2 billion in recovered funds, with checks averaging $1.1 million each. Two More...

Jewish Business News On Wednesday, October 21st, 2015

Most Bernie Madoff Ponzi Scheme Victims to Get $1 Million

  The trustee who is recovering money for victims of Bernard Madoff’s Ponzi scheme, Irving Picard, announced Tuesday another round of distributions of recovered funds will soon begin. SIPC President More...

Lilach Weissman On Tuesday, March 24th, 2015

$93 Million More for Bernie Madoff’s Victims With Feeder Fund Settlement

The total amount recovered for victims of Bernie Madoff’s infamous Ponzi scheme will reach $10.6 billion, with the settlement of a feeder fund, Defender Ltd, according to Ibitimes. Irving Picard, More...

Tibi Singer On Thursday, February 12th, 2015

Madoff Victim Reimbursement Reaches $7.2 Billion, with $10 Billion Still to Go

This week, Irving Picard, who is in charge of liquidating con man Bernard Madoff’s company, announced the payment of an additional $355.8 million to Madoff’s victims. And so the total amount More...

Reuters On Tuesday, December 23rd, 2014

Madoff Victims’ Payout Nearing $7.2 Billion: Trustee

– Victims of Bernard Madoff‘s massive Ponzi scheme will get a fresh  $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster’s firm,  More...

Reuters On Monday, December 8th, 2014

Madoff trustee loses appeal on clawbacks

–   Victims of Bernard Madoff‘s fraud may recover less money than they had hoped after a federal appeals court limited the ability of the trustee liquidating the swindler’s firm to recoup More...

Reuters On Tuesday, November 18th, 2014

Madoff victims’ recovery rises to nearly $10.5 billion

–   The trustee recovering money for Bernard Madoff’s victims on Tuesday announced two agreements to recoup more than $145 million, boosting the total amount raised to nearly $10.5 billion. Irving More...

Vered Weiss On Sunday, September 14th, 2014

JPB Foundation, Formerly with Madoff Ties, Gives Millions to Charity

A new organization, the JPB Foundation, is run by Barbara Picower, whose late husband Jeffry benefited the most from Bernie Madoff’s schemes, and has donated $106 million to charities in the last More...

Albert Hecht On Thursday, September 11th, 2014

Barbara Picower Picking Up the Pieces of her Philanthropy

Barbara Picower  has been gradually setting herself back into her role as one of the nation’s top philanthropists, as president  of the JPB Foundation. Active since 2012, the JPB Foundation has already More...

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