Tag:
Irving Picard
Latest Headlines
Latest Headlines
Backlash against Bernard Madoff trustee may be brewing
The legal tide may be turning against Irving Picard, the court-appointed trustee who was tasked with recovering the ill-gained profits from the Bernard Madoff Ponzi Scheme. When he was given the job, few realized what a goldmine was handed to him and his chosen firm, Baker & Hostetler. Picard
FINRA turns to licensing to bolster security
The Bernard Madoff Ponzi scheme continues to reverberate through Wall Street. In order to prevent such frauds, FINRA has proposed--and the SEC has recently agreed--that all operations executives on Wall Street must be licensed via a qualifying exam and continuing education requirements.
Accord
Irving Picard faces hurdles with Madoff clawbacks
Irving Picard has been a machine so far in his quest to recover assets from the massive Bernard Madoff Ponzi scheme and generate revenue for his law firm Baker Hostetler, where he became the king rainmaker with a single assignment.
He has sought court permission to be paid $43.8 million in leg
Madoff implicates JPMorgan in Ponzi Scheme
Bernard Madoff has proven to be a big media draw, even as he sits in jail in Florida. He has been conducting a barnstorming tour of interviews with big-time media publications, the last stop being the Financial Times , which has just published its article based on the talk. For JPMorgan Chase,
Is Irving Picard making too much money?
Perhaps it was inevitable that, given emotionally charged nature of the process, Irving Picard would be heavily criticized for his work winding down the Bernard Madoff mess. We've noted that the revenue generated by Picard's law firm, Baker & Hostetler, amounted to $288 million as of the end o
Update: Irving Picard on Madoff recovery efforts
Irving Picard, the trustee tasked with recovering assets from the Bernard Madoff Ponzi scheme, says part of the $10 million he has recovered so far will likely soon be distributed. Picard and chief counsel David Sheehan said they will make a request of a federal bankruptcy court to allow the dist
What to make of Irving Picard?
Irving Picard is a man on a mission.
And for the most part, people have cheered the zeal with which the court-appointed trustee, tasked with recovering assets from the epic Bernard Madoff Ponzi Scheme, has approached his job. But it has turned into quite a business for him, as he is singl
Picard accuses Citigroup of complicity with Bernard Madoff
Irving Picard has another bank in his sights as he continues to track down all ill-gotten gains from the Bernard Madoff ponzi Scheme. He has sued Citigroup, charging that there were obvious red flags regarding Madoff's account as early as 2005 and that the bank did nothing.
He basically said C
Irving Picard, avenging angel for Madoff victims?
Irving Picard has emerged as a controversial figure in the on-going Bernard Madoff drama. He was appointed by a judge to recover all funds tied to the epic Ponzi scheme and provide restitution to victims. So, how's he doing?
He has won about $10 billion back, Bloomberg reports. Th
JPMorgan faces tricky PR challenges over Madoff
Salon.com wonders if JPMorgan Chase is the new Goldman Sachs, seizing the title of Most Vilified Bank, fairly or not.
"Stories about crooked bankers are a dime a dozen these days. After the credit crunch, the American public was inundated with reports of abuse, fraud, overleveraging and ot
