The SIPA

The Blog Of The Securities Industry Professional Association
Ads

Madoff Trustee Pockets 230 Million in Legal Fees!

Last week the leader of the Madoff Victims coalition came on the SIPA radio to discuss recent events in the mayhem that is Madoff.  Among some of the startling Revelations to come out was the fact that in 2 years time the law firm assigned by SIPC/SEC to handle the liquidation has billed over 230 million dollars in legal fees.  An astonishing 2 million per week is now being paid in legal fees.  Think this is shocking?  Listen to the entire interview and you might be surprised at some of the things going on in this never ending saga. To listen to the program Click here

Post Metadata

Date
December 20th, 2010

Author
jbusacca

Tags




Comments are closed.