Basically, my headline The Picower Madoff settlement: A $7.2 Billion Whitewash is proving correct. As I write this, the 5th most popular article on the webzine of influential Jewish periodical The Forward is In New Madoff Filings, Largest Beneficiary of Fraud Was Possibly Unaware of Ponzi Scheme by Josh Nathan-Kazis December 22, 2010 Jeffry Picower, […]
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At The Daily Beast Allan Dodds Frank has supplied a valuable perspective on the Picower settlement – although you need to be alert to see it. “Payday for Madoff Victims” (December 18 2010) first of all refutes Barbara Picower’s tendentious assertion: “I want to underscore the fact that neither the Trustee nor the U.S. Attorney […]
On Friday the astonishing news broke that the estate of Jeffrey M. Picower had agreed to cough up $7.2 billion to the liquidator of the Bernard Madoff fraud and the Federal Government. (See Zachary A. Goldfarb, “Madoff investor’s widow to return money,” The Washington Post, Dec. 18, 2010.) This news was astonishing because the amount — […]
The alert but not particularly conservative Politico webzine has an interesting item “Right sees law group tilting left” by Josh Gerstein (9/25/10): The American Bar Association, which was dogged for decades by criticism over a perceived liberal bent, is risking reigniting that debate by taking bold stands on a pair of hot-button social issues. At its […]