Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

'You Know What's Cool? A Billion Dollars,' Part III

Bruce Carton | October 20, 2015

"A million dollars isn't cool. You know what's cool? A billion dollars." -- Sean Parker, The Social Network

In late 2014, Irving Picard, SIPC's trustee in the Bernard Madoff case, confirmed that the trustee's legal and professional fees in the matter had passed the $1 billion mark--and that over $10 billion in assets had been recovered to date. The $1 billion in fees was an eye-opener for many people but with the release today of more good news for Madoff victims, Picard says that this $1 billion (and counting!) is a “very good return on an investment.”

Today, the trustee...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.