Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff’s Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
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Federal prosecutors and the trustee in charge of recovering money for the victims of Bernard Madoff’s Ponzi scheme have reached a settlement with the estate of Jeffry Picower worth $7.2 billion.
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Reports say jailed financial adviser Bernard Madoff, orchestrator of the largest-ever U.S. Ponzi scheme, won’t attend the funeral of his son — who apparently committed suicide last week.
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Mark Madoff may be dead, but the litigation against him isn’t going away anytime soon.
Last week, a court-appointed trustee sued Mark Madoff along with two of his siblings, saying they had used ill-gotten gains from their father’s fraud.
On Saturda…