Sell your Madoff claim for pennies on the dollar?

There are buyers out there offering 30 cents for each dollar lost. You’d think that Walter Noel would be selling, since he claims that he too was a victim, but I’ll bet he won’t find a buyer.

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3 responses to “Sell your Madoff claim for pennies on the dollar?

  1. 30 cents seems high to me, but I guess they might know a lot more than I. Good luck to them.

  2. Inagua

    Scott,

    Approved claims are only $6 billion. The Trustee has already collected $2 billion. Picower’s widow should kick in another $2 billion. That would be 67 cents on the dollar.