The next year, Picard reached separate settlements with two other Merkin funds, Ariel and Gabriel Capital. Merkin also reached a 0 million settlement in 2012 with the New York attorney general's office. Wall Street in shreds, the watch dogs fast asleep, bonus-stuffed executives laughing all the way out of the busted banks - it's been some year.
Harbeck, President and Chief Executive Officer of the Securities Investor Protection Corporation (SIPC) Madoff Trustee Requests Allocation of 2 Million to Customer Fund and Court Approval to Immediately Distribute Approximately 2 Million to BLMIS Customers with Allowed Claims Eighth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to More Than .72 Billion Madoff Trustee Reaches Recovery Agreement of Approximately Million with Cohmad Securities Corporation, the Estate of Maurice “Sonny” Cohn, Marcia B.
Lawyers for Merkin countered that the money manager and his family lost about 0 million in Madoff's fraud, and that Merkin did not willfully blind himself to Madoff's failure to actually trade securities for customers.