institutional investors, the organizations such as jp morgan chase who had the wherewithal, who had the ability to do the true due diligence. everybody knows the name harry ma markopoulous, the fraud investigator who tried to turn the s.e.c. on to bernie madoff. he even says the individual investor would have no way of knowing that this was illegitimate. this is not something you can blame your parents for, clearly. no, no. not at all. and i find so many of his remarks so disingenuous and really extremely hurtful and rather insulting. tell us about that organization that you mentioned, this network for investor action and protection to help people deal with madoff s fraud. absolutely. madoff fraud and victims of investor fraud. there is a huge hole in the
organization s whistle blowing practices and get this, he says, yep, it s working. assange was let out of jail on condition he remain near london and wear a locator tag. he s wanted in sweden on sexual misconduct charges. next, good news for victims of the madoff fraud. a lump sum of $7 billion going back to the people swindled by madoff, that is after the widow of jeffrey pikower agreed to release the money, who died a year ago was a prominent ben fishery of madoff s ponzi scheme. this is the largest forfeiture in u.s. history and say there s still more madoff money to recover. next, this just in here from the war in afghanistan. joint chiefs chairman admiral mike mullen is visiting afghanistan one day after the white house released its progress report on the war. mullen says the report shows that we are, quote, on the right track, but he told reporters today kabul, some major issues
knew nothing about the fraud and should not be held to a higher standard than the federal government which in the case of the s.e.c. missed the madoff fraud and the irs used these statements to gladly tax us. so your contention is that people who made some basically trustee has separated this into two kinds of people. people who got back less than they put in, like you. and people who got back more than they invested with madoff, like jeffry picower whose estate has given up the $7.2 billion. how do you distinguish? at what level do you stop with who you go after? representative garrett s bill suggests, if the ordinary investor that had no culpability. that had no idea what was going on and had no reason to know anything was going on. because the s.e.c. didn t know it and right. even the prosecutor today said, the u.s. attorney said this guy, picower should have known because of the size of returns he was getting. but ultimately, most investors
trustee in the case sued demanding mark madoff return some $67 million to the victims saying madoff should have known about or deliberately disregarded the fraud. then just days ago the trustee filed another suit naming madoff s wife, ex-wife, and their two children. while mark madoff was never charged with criminal wrongdoing speculation continued to grow including a wall street journal article posted overnight. he began sending e-mails to his wife who was vacationing with their 4-year-old daughter in florida saying he loved her and asking her to take care of the children. the last e-mail came around 4:00 a.m. ronnie sue who along with her husband lost $1.7 million in the madoff fraud says the death is sad. when everything that you ve worked for is taken away from you like that, it s very on top of the financial loss, it s
than a million dollars called the death sad but also are still very frustrated by the entire situation. when everything that you ve worked for is taken away from you like that, it s very on top of the financial loss, it s really frustrating to not know who, how, why, how long, and in two years the victims haven t heard any of those answers. and we re also hearing from other victims. a victims coalition from this. and they say the pressure mark madoff must have been feeling to cause him to take his own life can be felt by many of the thousands of madoff victims. in the two years since we found out we lost our life savings, we have endured incredible frustration and fear. mark madoff s death symbolizes the many atrocities associated with the madoff fraud. so certainly the layers involved in this, lynn, of this story