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Stories written by Robert Davis

Picard Says Victim Payments Arriving Soon

Madoff trustee Irving Picard announced this morning that some of the US claims against the Madoff estate would be paid out soon. While the payments will not be in time for Christmas, the money will be a welcome relief for many who were victims of the Madoff scam. The total that resides within the Madoff […]

Physical Demand Drives Gold Pricing

Wall Street analysts announced this morning that physical demand for gold has increased the pricing index of the precious metal several times over. Gold has been on a streak for the last couple of years. It has managed to reach new heights on several occasions and has broken all the records that were set in […]

Madoff Trustee Scores $7.2 Billion Settlement

Madoff Trustee Scores $7.2 Billion Settlement

Irving Picard, the trustee of the Madoff estate, announced this morning that he has won a $7.2 billion settlement from the estate of Jeffry Picower in New York. The settlement is the next phase in the forward movement to recover lost monies that were stolen from victims of Madoff’s massive Ponzi scheme. The total amount that […]

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