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Am Law 100 firm with practices in Business, Digital Assets and Data Management, Intellectual Property, Labor & Employment, Litigation and Tax.

Home | BakerHostetler

Justice Department’s New Policy on Prosecutions to Focus on Bad Actors, Not the Digital Asset Industry (The Journal of Robotics, Artificial Intelligence & Law)

Rev Up!

Rev Up! What to Know BEFORE You Use that AI Tool

Jonathan Forster Presents at Ameritas Pinnacle Group Meeting

Blockchain Monitor

Blockchain Monitor - Planet earth in outer space with network connection and sunlight.

Weekly Blockchain Blog – June 30, 2025

For the last decade, Stacey has served as senior counsel and legal strategist to Irving Picard as Trustee, and his Chief Counsel, David Sheehan, in the liquidation of Bernard L. Madoff Investment Securities LLC. This liquidation involved a global effort to recover funds for the victims of the largest Ponzi scheme in history totaling more than $65 billion. As part of that representation, Stacey litigates against hedge funds, funds of funds, investment banks, financial institutions, investment managers and others.&nbsp;

core/freeform

J.D., Columbia University School of Law

B.A., The City University of New York, Hunter College, 

New York

CNBC reports on BakerHostetler and the Madoff Recovery Initiative in article Madoff Recoveries Top $10 Billion With New Settlement, “… an amount virtually no one thought possible”

The Associated Press reports on BakerHostetler and the Madoff Recovery Initiative recoveries of $10.5 billion

BakerHostetler talks with USA Today about the SIPA Trustee’s fourth pro rata interim distribution; states Madoff Recovery Initiative nears $6 billion in distributions to allowed claimants

BakerHostetler’s settlement with JPMorgan Chase and the ongoing Madoff Recovery Initiative Discussed on National Public Radio’s All Things Considered

BakerHostetler appears on NPR’s All Things Considered to discuss Madoff Recovery Initiative; host Robert Siegel interviews SIPA Trustee Irving Picard and his Chief Counsel David Sheehan

Madoff Recovery Initiative surpasses $5 billion in distributions to allowed claimants; CNBC’s Scott Cohn discusses latest recovery with BakerHostetler’s SIPA Trustee Irving Picard and his Chief Counsel David Sheehan

Madoff Recovery Initiative Marks Fourth Anniversary … Moves into Fifth Year Still Building Recovery Momentum

BakerHostetler’s work recovering more than half of the losses in the Madoff Ponzi scheme featured on WNYC in interview on The Brian Lehrer Show

Press Release: Second Interim Distribution of Recovered Funds to Madoff Claim Holders

Press Release: United States Supreme Court Denies Certiorari, Upholding Net Equity Decision in BLMIS Liquidation

The Wall Street Journal showcases BakerHostetler and the “unprecedented magnitude” of the global recovery efforts in article “The Madoff Liquidation, Three Years Later”

Press Release: Initial Interim Distribution of Recovered Funds to Madoff Claims Holders

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Global Fraud and International Asset Tracing and Recovery

Restructuring and Bankruptcy

<ul>
<li>Lead partner representing the Trustee at oral argument in his efforts to consolidate, both substantively and procedurally, 150 proceedings on the issue of the scope and duration of the Ponzi scheme perpetuated by Bernard Madoff.</li>
<li>Lead partner in charge of complex litigations against global financial institutions involving derivative securities and swap transactions.</li>
<li>Retains, manages, directs and supervises expert witnesses and litigation consultants in several areas including due diligence, forensic accounting, fraud examination, investment management and derivative securities.</li>
<li>Key member of the trial teams litigating the actions against the owners of the New York Mets in Picard v. Katz, et al. and former key Madoff employees and “insiders” to the Ponzi scheme.</li>
<li>Developing case-wide protocols and best practices for the litigation teams regarding working and communicating with testifying experts and litigation consultants.</li>
<li>First and second chaired depositions and witness interviews of key former Madoff employees who participated in the Madoff Ponzi scheme, including the global mastermind of the scheme himself, Bernard Madoff, his comptroller and his second-in-command.</li>
</ul>

Stacey A. Bell

Stacey A. Bell

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