clawbacks

  • Bloomberg News: Madoff trustee now says charity clawbacks possible

    After months of skirting the question, the trustee for the Bernard Madoff estate, Irving Picard, has told Bloomberg News that he may indeed go after charities that profited from their investments with the Ponzi schemer. From Bloomberg: The law requires him to file so-called clawback suits against investors that profited from the fraud at Bernard… More ▸