[ by Melanie Gretchen ]

It should come as no surprise that members of the extended (Bernie) Madoff clan have no interest in cooperating with trustee Irving Picard's efforts to seize their assets.  Mr. Picard argues that money they received from Bernie Madoff & Co. should be clawed back and added to the distribution pool for Ponzi scheme victims.  To date, $11.5 billion of the $17.5 billion stolen has been recovered.

Last June, Peter Madoff pled guilty to criminal charges including conspiracy to commit securities fraud and making false filings with the SEC;  in January, he was sentenced to 10 years in a pleas deal with federal prosecutors.  However, the $4.6 million that federal authorities got for Mr. Madoff's luxury property on Park Avenue doesn't even scratch the surface of what Mr. Picard seeks to recover. 

Here's the Madoff Family Member Clawback Scorecard with the amount each owes, according to trustee Picard:

• Ruth Madoff (Bernie's wife): $44.8 million
• Peter Madoff (brother): $90.4 million
• Shana Madoff (niece): $15.3 million
• Estate of Mark Madoff (son) who committed suicide: $81.3 million
• Susan Elkin (Mark's first wife): $2.4 million
• Stephanie Mack (Mark's widow): $27.5 million and property of undetermined value
• Andrew Madoff (son): $73.8 million
• Deborah Madoff (Andrew's wife): $27.7 million

The total exceeds $300 million.

[C-I Note: Whether that's the price of restoring peace, exacting revenue, or restoring what's rightfully restored, securing that number would serve the 'greater good'.]

For further details, go to [WSJ, 11/16/12]

And These WHO'S News Stories:  ["10 Years for Peter Madoff ..", 12/14] and ["Peter Madoff, Bernie's Brother ..", 1/7/13].