Madoff Trustee Sues The SEC's Former Top Lawyer Hot

ScottMartinScottMartin  
 
 
0.0 (0)
Write Review

 

David Becker, who served as the regulator's top lawyer from 1999 to 2002, came back in 2009 and recently announced that he would be leaving again, was not directly involved in Madoff and was well away from the SEC when the Ponzi scheme unraveled in 2008. 

 

However, his late mother did in fact have an account with Madoff that was worth about $2 million when she died in 2004. Since the Madoff trustee argues that around $1.5 million of that money was "fictitious profit," it wants Becker and his brothers to give the money back so other victims can recover their principal.

 

Becker has indicated that he will work with his attorney to "do the right thing."

This Website Is For Financial Professionals Only


User reviews

There are no user reviews for this listing.
Already have an account? or Create an account