"Irving Picard, who is liquidating con man Bernard L. Madoff’s estate at a cost so far of $318 million, won a bankruptcy judge’s approval of $43.9 million in fees for himself and his firm for four months’ work.
Picard’s law firm, Baker & Hostetler LLP, charged $43.2 million for Oct. 1 to Jan. 31, while the trustee’s bills were $713,799, according to court documents. Arriving late at a Manhattan court hearing after a delayed train, Picard asked U.S. Bankruptcy Judge Burton Lifland to approve the fees, which he said he discounts by 10 percent, because of his "hard work" on behalf of investors in the Ponzi scheme."
Nice work if you can get it! This guy (and most lawyers) are out for the $$$$ and not the best interests of the clients they are representing. Argue with me if you want but taking $43m for four months work is robbery! Who is the thief here?
"What is robbing a bank compared with founding a bank?" -Brecht
What is setting up a Ponzi scheme compared with clawing back the dough?