Madoff Trustee Spent $26.9 Million, Recovered $849,000

by | Nov 1, 2010 | Towing

The trustee in charge of the bankruptcy of Bernie Madoff’s investment firm spent $26.9 million in the six months ended Sept. 30. In that time, it has recovered $849,000 for the victims of Madoff’s Ponzi scheme.

The single largest expense for the period was $15.8 million in legal fees to trustee Irving Picard’s law firm, Baker Hostetler, Bloomberg News reported.

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Madoff Trustee Spent $26.9 Million, Recovered $849,000 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:16:00.

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Bernie Madoff’s Prized Possessions Up For Auction

by | Oct 20, 2010 | Towing

Bidders will have the chance to dip into the lifestyle of convicted Ponzi schemer Bernie Madoff, when a collection of his prized possessions are put up for sale.

Among the goods to go under the hammer are a Steinway & Sons grand piano, a woman’s ring with a 10.54-carat diamond and a miniature bronze bull, USA Today reported.

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Bernie Madoff’s Prized Possessions Up For Auction originally appeared on DailyFinance on Wed, 20 Oct 2010 08:05:00.

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