Madoff: The Bankruptcy Case

Improved Essays
Over the long period of complaints that were being issued by the United States government, there is a federal judge that made a significant room for Madoff to be constrained into personal bankruptcy, a decision that could help the victims, who did in fact invested with Madoff. There has been a determination in the judge’s judgment that filing for bankruptcy would secure all of Madoff's casualties, not only the individuals who were his clients and that are thus qualified to file some claims in the current liquidation case including his business. Picard contradicted the bankruptcy’s situation and said that the agents were proceeding to assess craftsmanship that is similar to very little statues, and prints and different assets from Madoff's business

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