A trustee in the liquidation of Bernard L. Madoff Investment Securities LLC was in Denver on Tuesday to discuss the $17.5 billion fraud case with local lawyers. About 250 people or entities with Colorado addresses were account holders in Madoff’s Ponzi scheme, said trustee Irving Picard, who was in town with his chief counsel, David Sheehan. Picard and Sheehan are lawyers with BakerHostetler, which has played an important role during the past four years in the Madoff investigation, and spoke with the firm’s Denver branch. Slightly more than half of the 250 with Colorado addresses had “net loser” accounts, meaning they lost money in their investments. More in the Denver Post here.
