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Irving Picard
’Picard: $21bn lost in Madoff scheme
The US court-appointed trustee in charge of recovering assets from Bernard Madoff’s fraudulent investment operations said on Wednesday $21.2bn had been lost through his Ponzi scheme, far higher than thought.
“Restoring the dreams back for the clients of Bernard Madoff”
One for the “Lessons for Bernie” file:
“Any entity can be formed, without capital, is just another dream going no where [sic]. Any entity cannot dream, only an entrepreneur can dream and possess the vision.