clawbacks

Not all of Bernard Madoff's investors lost money. In fact, bankruptcy trustee Irving Picard found that about 50 percent of his active clients withdrew more than they invested. Now, those who made a profit could be asked to pay some of that money back under "clawback" laws.In a court filing, Madoff...

Imagine facing the hassle of having to report everything you spend over $100 to a federal bankruptcy judge. That's exactly what Ruth Madoff will have to do based on an agreement she reached with the court appointed trustee. This agreement is part of a lawsuit filed last week by trustee Irving...