{"id":10613,"date":"2009-05-18T00:00:00","date_gmt":"2009-05-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hunt-for-madoff-money-to-drag-on-for-years","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/hunt-for-madoff-money-to-drag-on-for-years.html","title":{"rendered":"Hunt for Madoff money to drag on for years"},"content":{"rendered":"<p>Reuters UK &#8211; Five months after Bernard Madoff&#8217;s massive fraud was revealed, little of his victims&#8217; money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years.       <\/p>\n<p>So far, the court-appointed trustee sorting through Wall Street&#8217;s biggest investment fraud has located only about $1 billion (656 million pounds) to be distributed to defrauded customers &#8212; a fraction of the $65 billion the confessed con man&#8217;s records purported to have in nearly 7,000 client accounts when the FBI arrested him in December.<\/p>\n<p>Trustee Irving Picard has signalled, however, that he is ramping up efforts to find more money, a ray of hope for victims if these funds can ever be tracked down and shared among them.<\/p>\n<p>At this relatively early stage of Picard&#8217;s investigation, though, it is unclear if that is possible.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/stocksNews\/idUKN1549313520090518\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters UK &#8211; Five months after Bernard Madoff&#8217;s massive fraud was revealed, little of his victims&#8217; money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,4331,5603,1982,11853,11854,5829,7052,11855,9292,4153,48,11378,11852,4326,4819,4464,11851],"class_list":["post-10613","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-bernard-madoff","tag-billions","tag-client-accounts","tag-con-man","tag-drag-on","tag-fbi","tag-five-months","tag-fraction","tag-investment-fraud","tag-massive-fraud","tag-money","tag-picard","tag-ray-of-hope","tag-reuters","tag-trustee","tag-wall-street","tag-worldwide-hunt"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10613"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10613\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}