Because they’re the gift that keeps on giving. Irving Picard is having a banner year as Trustee for Bernie Madoff’s few remaining assets and now comes word that even as Allen Stanford rots in a Texas holding cell his trustee is seeking $27 million of the $81 million cash left on hand when Stanford was nabbed.
I sympathise with Picard and this other fellow. Madoff and Stanford “investors” were so fucking dumb that they enabled the fraud – they begged for it. Giving them back money would be as silly as returning Stephen Dent’s blackmail money – he’ll just be right back on the Internet dialing for prostitutes and these investors will go out and lose everything again. No, better not to waste the assets on claimants when they can be converted into lawyer’s fees instead. It’s the right thing to do.