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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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1
posted on
10/31/2010 4:57:52 PM PDT
by
jimbo123
To: jimbo123
The trustee appears to have a lower rate of actual return that Bernie did!
2
posted on
10/31/2010 4:58:58 PM PDT
by
MIchaelTArchangel
(Obama makes me miss Jimmah Cahtah!)
To: jimbo123
when the fog of this demented age has lifted, Bernie Madoff will be remembered as honorable.
To: jimbo123
Up and coming politician?
4
posted on
10/31/2010 5:00:14 PM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: jimbo123
Sounds like the trustee gained his experience by working for the government.
5
posted on
10/31/2010 5:00:14 PM PDT
by
pallis
To: jimbo123
Obviously not all criminals are behind bars...
To: jimbo123
Bu...but....um...
Oh nevermind.
7
posted on
10/31/2010 5:03:29 PM PDT
by
Blackhawk
(God said it, I believe it, That settles it. Forever. Amen.)
To: jimbo123
Lawyers. Ya gotta love ‘em! ROTFL! They sure do love the money.
8
posted on
10/31/2010 5:10:26 PM PDT
by
FlingWingFlyer
(Just another white boy riding in the back of the bus next to the Emergency Exit.)
To: jimbo123
"much of the expense -- $15.8 million -- went to cover fees for his law firm"Oh... I see.
9
posted on
10/31/2010 5:11:40 PM PDT
by
Mr. K
(All our candidates suck! The media SAYS SO!!)
To: SECURE AMERICA
10
posted on
10/31/2010 5:16:30 PM PDT
by
tired1
(Federalize the Fed)
To: jimbo123
Trustee, a chip off the old Madoff block huh? Money never sleeps.
To: jimbo123
The same thing happened in Dickens' Bleak House 160 years ago. Some things never change.
12
posted on
10/31/2010 5:19:05 PM PDT
by
Dr. Sivana
(There is no salvation in politics)
To: jimbo123
the term “Shovel ready recovery “ comes to mind.
To: MIchaelTArchangel
Wow, the Obama Administration needs to tap this team. They are AWESOME, they’ll probably make the rest of his cabinet look real great.
To: Mr. K
You should meet my cousin Oiving, he’s such a schmart lawyer!
To: jimbo123
the scammers on the inside like madoff are nothing compared to the scammers on the outside. the lawyers are just protecting their clients interests /s
16
posted on
10/31/2010 5:24:47 PM PDT
by
paul51
(11 September 2001 - Never forget)
To: jimbo123
Maybe John Malkovich needs to go all-out postal on this guy, too...
17
posted on
10/31/2010 5:27:40 PM PDT
by
UCFRoadWarrior
(They don't let you build churches in Mecca)
To: SECURE AMERICA
Nice work if you can get it.
To: FlingWingFlyer
Lawyers, Politicians, Child Molesters all one and the same.
19
posted on
10/31/2010 5:32:16 PM PDT
by
mongo141
To: jimbo123
Of course, the lawyers get paid before anyone else.
20
posted on
10/31/2010 5:32:41 PM PDT
by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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