Trustee's Fraudulent Transfer Claims Survive Motion to Dismiss in Connection with Bernie Madoff Ponzi Scheme | King & Spalding jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Many of you have probably seen the ABC miniseries, Madoff, about disgraced Wall Street investment manager Bernie Madoff who in reality ran a massive Ponzi scheme. How accurate was his portrayal by actor Richard Dreyfuss can be up for debate but what is not debatable, but now mostly forgotten, is that Madoff invested heavily in the campaigns of mostly Democrats. Just after the Madoff scandal broke in December 2008, the extent of his political contributions to Democrats was revealed by CNN.Com:
Barbara Picower has guided the low-profile foundation that she launched after her husband’s death in 2009 to give billions of dollars to hundreds of charities.