Relevant:
- Judge Rakoff Limits Madoff Clawbacks To "Protect Securities Market" - Despite Lack of Real Trades
- Becker, Phelps, Scholes & Spence on Decoupling
- Picard targets Madoff pal Noel's manse, nest egg
- Trustee pursues Harley, another Madoff feeder fund
- Madoff Costs Surpass Victim Pay-Offs as Strategy Lies in Ruins
2011-02-23 — moneynews.com
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The lawsuit, filed late last year by Madoff trustee Irving Picard, targets the SEC's departing General Counsel David Becker along with his brothers William Becker and Daniel Becker. All three are co-executors of their mother Dorothy Becker's estate. Dorothy Becker passed away in June 2004.'' -- Looks pretty bad, but Becker wasn't general counsel till 2009. We suspect the anti-Madoff oversight effect was much bigger than just Becker, and probably had more to do with Madoff's general air of authority and respectability than outright investments with him.
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