Madoff Trustee Picard Joins Twitter

In another sign of Twitter’s ubiquity, the trustee seeking to recover assets for convicted Ponzi-scheme operator Bernard Madoff’s victims has joined the information-sharing service.

Irving Picard, the Madoff trustee, and his lawyers have started a Twitter account, @madofftrustee, to share updates and announcements regarding his recovery efforts, his spokeswoman said Tuesday.

Picard has filed more than 1,000 lawsuits and has recovered about $11 billion of the $17.3 billion in invested principal estimated to be lost in the Madoff fraud.

Madoff is serving a 150-year prison sentence after he admitted in 2009  to carrying out a decades-long fraud scheme.

This has been cross-posted from Law Blog.

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