From Madoffwatch London:
Dear Christopher Fountain,
Every now and again you post a little something about these appalling villains who continue to escape any kind of scrutiny by the mainstream US media, despite, as far as I am aware, not having faked their own deaths (like Jeffry Picower.)
How do they manage it? Is nobody interested any more? In the fall of last year I noticed that there had been a derisory “settlement” of $84 million or so …..in respect of the $7 billion or so ….of their investors’ funds that they had egregiously pissed away in the Madoff Ponzi scheme.
Picard sued them all over 2 years ago but I am not aware of any progress in that case – to some extent understandable while the Trustee is concentrating his fire on those with “deeper pockets”… such as the banks…etc. I saw also that Picard was seeking seeking to block the settlement between FG & its investors.
But surely there must be some traceable assets representing some at least of the fees etc collected by FG for their celebrated “due diligence”. Hoping you have some information about the current state of play.