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Madoff money: Trustee spent $26M recovering $849G for victims
NY Post ^ | 10/31/10 | Reuters

Posted on 10/31/2010 4:57:48 PM PDT by jimbo123

A trustee overseeing the bankruptcy of Bernard Madoff's investment firm spent $26.9 million in the second and third quarters to recover $849,000 for Madoffs victims, according to a federal court filing.

Irving Picard, the trustee, said in a filing with Manhattan federal court that much of the expense -- $15.8 million -- went to cover fees for his law firm, Baker & Hostetler LLP.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: lawyersareleeches; madoff
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To: cripplecreek

“Up and coming politician?”

LOL! Shovel ready!


21 posted on 10/31/2010 5:34:37 PM PDT by maggief
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To: Dr. Sivana
The same thing happened in Dickens' Bleak House 160 years ago. Some things never change.

Yup. Jarndyce lives!

22 posted on 10/31/2010 5:46:30 PM PDT by Grut
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To: jimbo123

government efficiency??


23 posted on 10/31/2010 5:55:50 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: jimbo123

Lawyers suck.


24 posted on 10/31/2010 6:03:44 PM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: mongo141
Lawyers, Politicians, Child Molesters all one and the same.

I wish you wouldn't unnecessarily smear child molesters...

25 posted on 10/31/2010 6:07:20 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: jimbo123

much of the expense — $15.8 million — went to cover fees for his law firm, Baker & Hostetler LLP.

Just had to see it again!
Un friggin believable


26 posted on 10/31/2010 6:37:47 PM PDT by griswold3 (Nov 2 is not just an election, it's a restraining order)
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To: jimbo123

The trustee lawyers do what lawyers do best, raping producers in the country.


27 posted on 10/31/2010 7:07:41 PM PDT by WaterBoard
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To: jimbo123

Ouch!!! I have a friend who works at this firm. . .on this matter.


28 posted on 10/31/2010 7:10:06 PM PDT by FlipWilson
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