Picard Never Met Madoff, Atty Says

Law360, New York (February 16, 2011, 6:26 PM EST) -- Irving Picard, the trustee liquidating Bernard L. Madoff's investment company, has never directly met the jailed Ponzi schemer, his attorney said Wednesday, sidestepping new questions about whether Picard's team worked with Madoff to recover investors' money.

"The New York Times reports [Wednesday] that Bernard Madoff met directly with the Irving H. Picard, the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. This is inaccurate,” Picard attorney David J. Sheehan said.

“At no time did any meeting between the two take place and there...
To view the full article, register now.