Friday, July 22, 2011

News: Picard Still Trying For $1B

According to Adam Rubin of ESPN New York, Irving Picard, the trustee attempting to recover funds for victims of the Bernie Madoff Ponzi scheme is still indeed trying to recover $1B plus from Fred Wilpon and Sterling Equities. A report earlier today in the New York Post stated that Picard was withdrawing his case against the Wilpons' for $1B and will only look to recover the $300M in profit reportedly taken in by the Wilpons'. Stay tuned.