NIAP Media Coverage | Network For Investor Action & Protection

Rep. Gary Ackerman’s bill could be Fred Wilpon’s best hope for retaining control of New York Mets

They are battling in bankruptcy court, and they’ve taken their story to the magazines. But the Mets’ owners remain embroiled in a massive lawsuit filed by the trustee in the Bernie Madoff liquidation case, and even potential investor David Einhorn is taking steps to protect himself against possible future losses in the hotly contested litigation. Read Daily News article here.

Investors victimized by Bernie Madoff scheme slam trustee Irving Picard for redefining net equity

Fred Wilpon and Saul Katz aren’t the only victims of con man Bernie Madoff who believe they are getting the shaft from trustee Irving Picard. Read NY Daily News article here.

Wall Street Insurance Fund ‘Choking’ Victims, Investor Says

Wall Street’s insurance fund for failed brokerages is “the worst kind of insurance company,” according to an investor who lost money with Bernard L. Madoff. Read Bloomberg report here.

Just how risky should it have been to invest with Bernard Madoff?

Suppose you put $10,000 into an account with an investment advisor who promises to double your money every year. Two years later your account statement says you’ve got $33,000, so you happily withdraw $5,000. It seems too good to be true, and that’s what it turns out to be. When you try to withdraw $10,000 more, your advisor sends you a check that bounces. The next thing you know, he’s being led off in handcuffs by the feds for running a Ponzi scheme. Read more in the L.A. Times here…

The Aggrandizing Madoff Trustee .

Regarding your editorial “Madoff and the Mets” (May 11): Trustee Irving Picard’s quest for Madoff assets has certainly led to abuses of power against not only the Wilpons, but many other Madoff victims. Read NIAP’s letter to the Wall Street Journal here.