• How Long and Strong is Trustee Piccard's Claw?
  • March 6, 2009
  • Law Firm: Seyfarth Shaw LLP - Chicago Office
  • On December 10, 2008, Bernard Madoff confessed to his two sons that he had been running what amounted to a massive Ponzi scheme on the scale of approximately $50 billion and that he could no longer sustain it due to, among other things, substantial redemption requests.