Court Botches Case in Madoff Scandal

Court-appointed trustee, Irving Picard, had been given the dubious charge of overseeing the liquidation of Bernard L. Madoff Investment Securites. As we all know, Bernard Madoff is in jail for the rest of his life for swindling investors out of billions of dollars. The courts have calculated that Mr. Madoff took 21.2 billion dollars from 2,335 investors. The assets that Bernard L. Madoff Investment Securities has been roughly estimated at 65 billion dollars. The estimated value of Bernard Madoff's 'business' is more than enough to pay back all of the investors in full. Then, why did this idiot trustee only award $534.3 million as restitution to the investors? This judgment should have been a no-brainer. Check all the books and give the people all of their money back. But no, the government steps in again to botch up an obvious judgment so that they can pocket the money. Another reason why the government should not be trusted for being fiscally responsible.