Supreme Court Rejects Madoff Trustee's Appeal Over $4 Billion Recovery

Supreme Court Rejects Madoff Trustee's Appeal Over $4 Billion Recovery

The U.S. Supreme Court on Monday left intact a court ruling that could prevent victims of Bernard Madoff's Ponzi scheme from recouping more than $4 billion from customers who withdrew money before the enterprise collapsed. The high court left in place a December 2014 ruling by the New York-based 2nd U.S. Circuit Court of Appeals, which said federal bankruptcy law did not let the trustee Irving Picard recoup a variety of payments that Bernard L.


User: Wochit

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Uploaded: 2015-06-22

Duration: 00:47

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