New York partner Irving Picard, who serves as the court-appointed trustee under SIPA in the liquidation of Bernard L. Madoff Investment Securities LLC, was interviewed for the July 27, 2010, edition of NPR's "All Things Considered" segment, "Untangling Madoff's 'Winners' And Losers."
According to the story, Picard is facing an uphill battle in his task to recover or claw back money from those who came out of the Madoff Ponzi scheme with winnings, and to dole out compensation to the many "losers." "My aim is to collect as much as possible," Picard said. "I'm hopeful that we can return upwards of 50 cents or even more on the dollar to people." Picard said there are lawsuits pending to recover up to $17 billion.
Listen to the interview below or click to be taken to the NPR website to download or view a transcript of the interview.