Supreme Court Rejects Madoff Trustee’s $4 Billion Appeal

The Supreme Court has rejected a court-appointed trustee’s push to claw back money from hundreds of investors who profited from Bernard Madoff’s Ponzi scheme. The decision could bar the trustees from recovering about $2 billion, and it would make it harder to seek a further $2 billion, putting a total of $4.3 billion in question.

Madoff’s trustee Picard recouped $10.69 billion

As detailed by ValueWalk, Bernard Madoff, one of the most notorious financial criminals in living memory, orchestrated a Ponzi scheme in which investors lost over $17 billion. He was sentenced to 150 years in prison...