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Browse: Home / 2011 / June / 10 / Breakingviews: Picard aims for triple-word score in Madoff case

Breakingviews: Picard aims for triple-word score in Madoff case

By Securities Docket on June 10, 2011, 11:06 am

Irving Picard is aiming for a triple-word score in the Bernard Madoff case. He’s not playing Scrabble, but the trustee for the Ponzi schemer’s victims is trying for treble damages of $59 billion by suing Madoff’s Italian and Austrian banks for racketeering. Though the novel tack raises issues that a judge on June 6 agreed to resolve, Picard has again shown a creative touch in beating the bushes for cash.

Read more: Breakingviews: Picard aims for triple-word score in Madoff case — News & Insight

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Posted in Criminal | Tagged Madoff, Trustees

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