Trustee reaches settlement with Madoff investor Picower - Dec. 17, 2010:
Blue Barbara Picower
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Disclaimer
If you've been reading my blogs, I'm pretty sure no one has. Athough I know some are reading my blog articles and continue to do so, if only because I wanted them to read a certain blog entry, going even as far as reading it aloud for them when not in the mood to read it themselves; some wrongly believing it made me happy to hear they have +/- are reading my blog, when able to tell it was the only reason.
You might have noticed that I have a tendency to post in blue and red randomly. Will just go ahead and tell you now, blue represents humility, red for hypocrisy. Doesn't matter whether True/False, disagree, even if could prove me wrong, haven't already changed my mind. The fact remains, just my opinion at the time I posted. As this is my blog, not going to read and read again, over and over, only looking for something, anything really, someone might reason justifies fighting over. But, I have to admit, will gladly change the color, anything you bring to my attention, if agreeing the color needed changing.
If the one and only time you have or will ever read by blog, the fact remains, that day, you have made my day.
More than 16,000 people have filed claims to the trustee, claiming that they lost money to Madoff's scheme. The trustee has rejected the majority of these claims -- in some cases, because the investors withdrew more than they invested. The trustee has acknowledged 2,363 claims as legitimate; totaling nearly $5.9 billion in damages.
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