Irving Picard, the trustee appointed to liquidate the assets of convicted Ponzi schemer Bernard Madoff and return money to his victims, has filed a $95 million lawsuit against some of Israel’s largest educational and medical institutions.
More than $2.48 billion in additional funds recovered from the Bernard Madoff Ponzi scheme have been sent to individuals and organizations bilked out of their investments.
Victims of Bernard Madoff?s massive Ponzi scam are still waiting to get back money back. Billions are tied up in litigation, and there?s no resolution in sight.
On Friday, the ABC News show “20/20,” aired videos of a polo shirt-clad Bernard Madoff, holed up in his Upper East Side “penthouse prison” — using his MacBook laptop computer, a bottle of sparkling water at his side.