The Amazing Madoff Clawback
How two lawyers, Irving Picard and David Sheehan, have recovered 75 cents on the dollar of the stolen money—many times the usual rate in such cases.
New York
At the head of a conference table, in a room perched high above Rockefeller Plaza, sit two old men who look like twinkly grandpas.
Irving Picard, clean-shaven and measured of speech, is 77. He is the court-appointed trustee who oversees a labyrinthine effort to recover money stolen from investors by Bernard L. Madoff, currently...