Archive for the ‘SIPC’ Category

No, I will not be watching the Madoff TV Movies

Monday, February 1st, 2016

Find your  investment statement ... I'll wait -- now look at that nice little SIPC logo at the bottom of the statement... it should look like this: You feel comforted, right? that SIPC's "got your back."  Those invested with Madoff thought the  very same thing In the days and weeks following the ...

Madoff Trustee’s Bad Day in Court is Not a Good Day for Investors

Sunday, July 31st, 2011

Judge Jed Rakoff made a groundbreaking decision in one of the many court filings related to Madoff debacle on Friday, ruling that the Trustee assigned to oversee the liquidation of this SEC-approved, SIPC member broker-dealer liquidation, had overstepped his authority by suing banks on behalf of the victims of the ...

Madoff’s Ultimate Victim?

Friday, March 11th, 2011

In an article in the New York Post Magazine section, Thursday, March 10, there is an article about Stephanie Madoff, widow of Bernie Madoff's son Mark who tragically committed suicide last December on the two-year anniversary of his father's arrest.  The article refers to Mrs. Madoff as "Madoff's Ultimate Victim." ...

Madoff Clawbacks – What is Fair

Wednesday, March 9th, 2011

The Trustee for the Madoff bankruptcy  has a very smart and professional PR team. During a conference call yesterday for media only, he again tried to create a wedge between different classes of investors and attempted to convince whoever was listening that he is only doing "what is fair."  In ...

Dear Frank Rich: Irving Picard is no Pecora. (Madoff)

Tuesday, February 15th, 2011

Perhaps you read Frank Rich's column in the New York Times on Sunday, February 13, 2011, where he likened Irving Picard, the Trustee overseeing the bankruptcy of Bernard L. Madoff  Investment Securities (BLMIS) to Ferdinand Pecora, a true Wall Street reformer.   I am a huge fan of Frank Rich, but he ...