Law360 (April 14, 2021, 4:49 PM EDT) -- Some 13 years since the exposure of Ponzi mastermind Bernie Madoff, a herculean effort to recover billions of dollars lost in his fraud continues in hundreds of lawsuits and in jurisdictions as far off as Luxembourg.
In a recent update on his clawback efforts, trustee Irving H. Picard of BakerHostetler put his total recovery and approved settlements as of March at $14.41 billion — or 74 cents on the dollar in more than 2,600 separate claims.
The Madoff Fraud Recovery
A 14-year effort to recover billions of dollars from Bernie Madoff's historic fraud and compensate more than 30,000 victims continues.
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