216:. He and his team have been overseeing the liquidation of Bernard Madoff's firm in bankruptcy court, and have so far recovered over $ 13 billion — about 76 percent of approved claims — by suing those who profited from the scheme even if those individuals were unaware or uncharged.
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in such schemes range from 5 percent to 30 percent, and many victims do not get anything. Picard has successfully pursued not only investors, but also spouses and estates of those who profited, such as the widow and estate of the deceased
375:"Balancing the Budget: Hearing Before the Subcommittee on the Constitution of the Committee on the Judiciary, United States Senate, Ninety-seventh Congress, First Session, on S.J. Res. 58, Phoenix, Ariz., May 29, 1981."
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from investors, Bernie Madoff and his family, and their spouses and estates. Throughout the case, Picard's law firm was paid approximately $ 1 billion.
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In the 1970s, he was variously
Assistant General Counsel, Acting Chief Counsel, and Trial Attorney in the Division of Corporate Regulation of the
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to the United States. They settled in Fall River, where their third son, Irving, was born. Irving's uncle Moritz Cahn, a lawyer in
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Letter to Gene L. Dodaro
Comptroller General of the United States Government Accountability Office from Congress requesting probe
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Kathy
Bazoian Phelps, a lawyer at Diamond McCarthy, said "That kind of recovery is extraordinary and atypical", as
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United States
Congress. Senate Committee on the Judiciary. Subcommittee on the Constitution.
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in 1982, and has been in private practice since then. He joined the law firm of
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In August 1938, Julius and Claire Picard immigrated with their children from
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Madoff
Trustee's Actions to Be Probed by GAO, Representative Garrett Says
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296:"Meet Irving Picard, the lawyer with the toughest task in the world,"
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Irving Picard: The Lawyer Behind The $ 10B Haul For Madoff
Victims
447:"Record-Setting Madoff Settlement Announced with Picower Estate"
423:"Madoff's Victims Are Close to Getting Their $ 19 Billion Back"
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463:"$ 7.2 Billion Picower Settlement: Payday for Madoff Victims"
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appointed Picard trustee of assets seized by the court from
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People associated with the Madoff investment scandal
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recovery of funds from the Madoff investment scandal
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recovery of funds from the Madoff investment scandal
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Recovery of funds from the Madoff investment scandal
135:. His parents were Julius Picard (a doctor born in
403:"At Last, Bernie Madoff Gives Back [OpEd]"
236:payment in US history). His most notable case was
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386:"Madoff money in the hands of Durfee grad",
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435:"Madoff customer payout tops $ 12 billion"
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174:with a J.D. degree (1966), and from the
139:, France) and Claire Dreyfuss (born in
771:Boston University School of Law alumni
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493:Trustee, SEC Should be Probed -US Reps
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781:People associated with BakerHostetler
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197:Recovery of funds from Madoff scandal
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212:. Since then, Picard has led the
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168:University of Pennsylvania
166:Picard graduated from the
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185:. He was admitted to the
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193:as a partner in 2008.
115:. He is known for his
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314:"Meet Madoff?s match"
701:No One Would Listen
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604:Ruth Madoff
238:Ruth Madoff
137:Lauterbourg
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277:2023-02-16
244:References
123:Early life
79:Occupation
35:1941-06-26
588:Investors
221:clawbacks
131:, and is
628:Response
87:Employer
82:Attorney
356:May 31,
715:(film)
686:Madoff
680:(film)
273:. 2023
133:Jewish
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358:2009
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