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March 30, 2011

Judge Denies Motion To Remove Trustee Overseeing Madoff Money Recovery

"A federal bankruptcy court judge this morning denied a motion by a victim of Bernard Madoff's Ponzi scheme to remove the trustee overseeing the liquidation of Madoff’s brokerage business.

 Madoff victim Helen Chaitman, who is also an attorney, argued that federally appointed trustee Irving Picard struck what she called a "sweetheart deal" with the family of late Madoff investor Norman Levy."

Read more here.

March 30, 2011 in Current Affairs | Permalink

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