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Bernie Madoff trustee has earned $1.5 billion in fees — and counting

Por: MarketWatch Business December 11, 2023

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About half of the funds recovered came from a 2010 settlement with the estate of longtime Madoff associate Jeremy Picower. Picard said in a statement that his success can be attributed in part to past wins that have “encouraged other defendants to negotiate settlements to avoid the expense of litigation, which in turn permits us to return more Madoff stolen funds to their rightful owners.” The $1.5 billion in fees account for 17% of Baker &... + full article



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