The legal tide may be turning against Irving Picard, the court-appointed trustee who was tasked with recovering the ill-gained profits from the Bernard Madoff Ponzi Scheme. When he was given the job, few realized what a goldmine was handed to him and his chosen firm, Baker & Hostetler. Picard has been paid $3.6 million personally for his Madoff work and his firm has been paid nearly $150 million. Read more on FierceFinance here.
