Updated Stories and Links

US House Panel To Hold Hearing On Alleged Madoff


Payment for Order Flow Great Article

Madoff Trustee Update: Madoff firm trustee offers payment plan

New York Times Story: Accounting Firms

If you’ve taken out money within the last SIX YEARS, you want to read this. Even if you didn’t its a good article to read since it gives you a sense of what the Trustee has to figure out and will be going after.

Article referring to GOVERNMENT RESERVE FUND


A federal judge threw a lifesaver to investors on Monday, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms.

U.S. District Judge Louis Stanton ordered that clients of Madoff’s private investment business seek relief under a federal statute created to rescue cheated investors. Stanton also ordered that the business be liquidated in Bankruptcy Court.

Recent article: http://www.foxnews.com/story/0,2933,467394,00.html
SIPC recovery is the largest potential recovery source for many people, so what they decide will be lynchpin for many.

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