Friday, April 24, 2009

Just When I Thought I was Out.....

They pull me back in!


That's not your money!

The trustee attempting to unravel Bernie Madoff's Ponzi scheme is threatening legal action in a bid to recover a whopping $735 million from investors who unwittingly made money off the swindle.

Irving Picard, the court-appointed trustee of Madoff's defunct firm, sent letters this month to 223 investors ordering them to return money they withdrew before the $64 billion scheme collapsed, The Wall Street Journal reported today on its Web site.


In the letter, Picard said he wants the money to be divided evenly among all the victims.

But lawyers representing some of those investors expressed dismay over the letters - saying they plan to challenge their legality.

1 comment:

  1. These folks are also in double dutch. The IRS has ruled they will keep the taxes paid on the profits, but many will have to pay back the profits. God bless America!