Picard speaks during a news conference in New York to settle civil claims for victims of Madoff's ponzi scheme

 
Picard speaks during a news conference in New York to settle civil claims for victims of Madoff
Trustee Irving Picard speaks during a news conference to announce the return of $7.2 billion to settle civil claims for victims of Bernard Madoff's ponzi scheme in this file photo taken in New York December 17, 2010. Picard, the trustee seeking money for Madoff's victims, said family members who worked at Bernard L. Madoff Investment Securities LLC were "completely derelict" in ensuring that the investment firm's operations were legal. Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit May 4, 2012, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims. REUTERS/Shannon Stapleton/Files (UNITED STATES - Tags: CRIME LAW BUSINESS)