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Do you think Jeffry Picower was a victim or a scam artist?
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Scammer, seems like Jeffry had to be in the know
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Madoff Trustee Fights Mets Dismissal Request

By finalternatives on  From finalternatives.com
Despite a string of stinging legal defeats, the court-appointed receiver in the Bernard Madoff case says he isn't done with the owners of the New York Mets just yet. read moreRead Full Story

Madoff trustee delays initial customer payout

 From reuters.com
( Reuters ) - The trustee for victims of Bernard Madoff 's Ponzi scheme delayed an initial distribution of $272 million scheduled for September 30 to former Madoff customers with valid claims, citing a recent court decision involving owners of the New York Mets baseball team. Trustee Irving Picard said Tuesday's decision by U.S. District Judge Jed Rakoff in Manhattan raised several issues requiring a "thorough evaluation of the impact, if any" on how much can be distributed and how payouts...Read Full Story

Fraudster Bernard Madoff’s underwear sold for $200

By fastact on  From free-pr-online.com
FOR IMMEDIATE RELEASE I wonder if someone would pay $200 for my underwear, if anyone is interested please let me know. Underwear which once belonged to jailed fraudster Bernard Madoff have been sold for $200 (£120) as part of an auction of items confiscated from his mansion. The( Free-Pr-Online.com )event also saw the sale of furniture and household goods, shoes, golf clubs and art, US media report. Organised by the US Marshals Service, the $400,000 raised will go towards victims of...Read Full Story

Judge tosses part of Madoff case vs NY Mets owners

 From reuters.com
NEW YORK ( Reuters ) - A Manhattan federal judge on Tuesday threw out part of a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for victims of Bernard Madoff 's Ponzi scheme. U.S. District Judge Jed Rakoff dismissed all but two claims by the trustee Irving Picard against the Mets owners, including Fred Wilpon , Saul Katz and others at Sterling Equities . One of the claims alleges actual fraud. The other would require the defendants' claims...Read Full Story

Recovered Madoff money blocked by appeals

By belajarapapun on  From suckshare.com
Irving Picard, right, is the court-appointed trustee in the recovery of billions of dollars lost to Ponzi schemer Bernard Madoff, left. By Aaron Smith, staff writer March 25, 2011: 6:20 AM ET NEW YORK (CNNMoney) — Getting the money back from Bernard Madoff is only half the battle for Irving Picard, the trustee in charge of recovering assets stolen in the world’s most notorious Ponzi scheme. Picard, appointed as trustee by the U.S. Bankruptcy Court in New York, plans to file a request to...Read Full Story
NEW YORK — Mets owner Fred Wilpon was so addicted to the steady stream of profits gushing from his bulky Bernie Madoff account that he was routinely stuffing the cash into whatever team account needed a fix, court papers allege. "When faced ...  
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An alleged scam artist dubbed “little Bernie Madoff” by police is back behind bars after the OPP busted him for yet another Ponzi scheme that bilked investors out of $200,000. Jason Stuebing, 43, of Lakeshore, is in custody facing 15 counts ...  
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Koch Industries Inc., the company run by billionaire brothers Charles and David Koch, was sued for $21.5 million by the trustee liquidating Bernard Madoff’s firm. The trustee, Irving Picard, sued to recover money received from a feeder fund ...  
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Robert De Niro (left) is set to play disgraced financier Bernie Madoff (right) in an upcoming HBO movie based on the recently published book 'Truth and Consequences: Life Inside the Madoff Family.'  
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Law360, New York (February 10, 2012, 3:30 PM ET) -- The liquidation trustee for Bernard Madoff's firm told a judge on Thursday that his $386 million clawback lawsuit against the owners of the New York Mets should go forward because a jury would be right to ...  
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Feb. 10 (Bloomberg) -- The liquidator of Bernard Madoff’s firm said he is entitled to pursue a $386 million lawsuit against the New York Mets owners because they chose to be “willfully blind” to the fraud to maintain an income stream that ...  
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NEW YORK - Mets owner Fred Wilpon was so addicted to the steady stream of profits gushing from his bulky Bernie Madoff account that he was routinely stuffing the cash into whatever team account needed a fix, court papers allege. "When faced with ...  
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