Irving Picard knows well that you can't please everyone all the time. Serving as a trustee who has been appointed to sort through the mess and make amends when possible, there are plenty of people mad at him. But what can he do? The largest Ponzi scheme in history is bound to be complex.

The New York Times offers a look into the machinery he's set up. It's slow going, as "recently as April 17, only 30 claims had been processed, out of more than 8,800 filed. By Thursday night, with more than 50 people now working on the process, that number was 251, up from 139 10 days ago." The main processing work is done at a Dallas facility run by AlixPartners, where claims are logged into a database. Investigators try to match them against information they have painstakingly pieced together. As a July 2 filing deadline approaches, the center expects a last-minute surge. Some may quibble with the pace of progress and the methodology. But you get the feeling he's doing the best he can in a tough situation. 

For more:
- here's the article

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