Mad­off’s trail of woe con­tin­ues

Trus­tee in tangled case is still re­turn­ing cash to in­vestors.

Palm Beach Daily News - - FRONT PAGE -

So here it is nearly a decade af­ter Bernie Mad­off’s Big Burn and still the trus­tee is find­ing money for swin­dled in­vestors. It was an­nounced this week that bank­ruptcy trus­tee Irving Pi­card struck a deal with J. Ezra Merkin, a money man­ager whose As­cot Part­ners parked cash from its in­vestors — in­clud­ing uni­ver­si­ties and pen­sion plans — di­rectly with Mad­off.

Af­ter tak­ing his fee, of course.

Be­cause money from those in­vestors was di­rected to Mad­off by some­body

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