#RecoverThis: Madoff Trustee Picard Joins Twitter

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Written By admin at Wednesday, June 20th, 2012

In another sign of the growing ubiquitous of Twitter, the trustee seeking to recover assets for convicted Ponzi scheme operator Bernard Madoff’s victims has joined the information-sharing service.

Irving Picard, the Madoff trustee, and his lawyers have started a Twitter account, @MadoffTrustee, to share updates and announcemetns regarding his recovery efforts, his spokeswoman said Tuesday.

Mr. Picard has filed more than 1,000 lawsuits and has recovered about $ 11 billion of the $ 17.3 billion in invested principal estimated to be lost in the Madoff fraud.

Mr. Madoff is serving a 150-year prison sentence after he admitted in 2009  to carrying out a decades-long fraud scheme.

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