Irving Picard

Discover used to have a commercial that said "It pays to Discover." In this case, I guess they mean "It pays to discovery." According to an article from Bloomberg, Irving Picard and his law firm want another $43.2 million for four months worth of work, which could bring the total pay out to $175....

Bernie Madoff is trying to pull a Fransisco Rodriguez, and save the owners of the Mets, Fred & Jeff Wilpon, saying they didn't knew about Madoff's scheme. Madoff also said that NY banks, like J.P. Morgan (NYSE: JPM) had to have known about the scheme. In an interview with the New York Times,...

Irving Picard is a busy man this week. As the trustee in the Bernard L. Madoff scandal, Picard is targeting big banks he feels turned a blind-eye to Madoff's Ponzi scheme, or did not use due diligence. Among the list of banks Picard is going after are: UBS (NYSE: UBS), sued for $2.5 billion,...

Reuters tweets that a possible settlement with the estate of the late Jeffry Picower could substantially add to the recovery for the victim's of Bernie Madoff's Ponzi scheme to the tune of $2 billion. However, there are multiple lawsuits against Picower's estate that are causing a settlement to be...