• 23 Nov 2009 at 1:50 PM

Nice Work If You Can Get It

picard.jpgMadoff trustee Irving Picard and his humble Cleveland law firm have submitted their bills for the last five months. The total: more than $22 million.
That’s on top of the $15.7 million they made for their first four-and-a-half months on the job.
Breakdown follows.

Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff Investment Securities
Fees, 1 May-30 Sept.: $835,605
Subscription to Combover Style magazine: $19.99
Hardship bonus for having to travel to Queens to visit Madoff warehouses: $1.7 million
Baker & Hostetler, legal counsel to Irving H. Picard, who coincidentally is also a partner at the firm
Fees: $21.28 million
Expenses: $280,682
Expense report
Female companionship: $77,945
Recreational narcotics: $23,404
Christmas party entertainment (Ruth Madoff topless revue): $5,034
Cleveland Indians playoff tickets: $0
In-house Ponzi scheme start-up costs: $37,946

Madoff trustee and law firm submit $22.1 mln bill [Reuters]
Madoff Trustee And His Law Firm Seek Another $22 Million [FINalternatives]

Comments (29)

  1. Posted by guest | November 23, 2009 at 2:00 PM

    Only Bess should be permitted to write these stories.

  2. Posted by guest | November 23, 2009 at 2:03 PM

    Nothign like making Geneva money in fucking cleveland, eigh?

  3. Posted by guest | November 23, 2009 at 2:04 PM

    It’s only money. It’s not that important. Being a good person is more important than having a lot of money.

  4. Posted by american bandersnatch | November 23, 2009 at 2:05 PM

    @1 – I beg to differ. This is clearly hotel receipt guy’s territory.

  5. Posted by guest | November 23, 2009 at 2:06 PM

    3 ftmfw

  6. Posted by guest | November 23, 2009 at 2:11 PM

    50A Hitchcock film with a shower scene (6)

  7. Posted by guest | November 23, 2009 at 2:17 PM

    @6 maybe you should stick to the Junior Jumble

  8. Posted by Investorcluzo | November 23, 2009 at 2:18 PM

    I’m fairly certain that there is a poster who is much better at doing hotel receipts – stand down shaz, lest you be sent the way of one greg michaels…
    off topic, is it me or does it look like all 10lbs of said “camera weight” went to straight erin’s backside? wtf, is she taking workout tips from maria b?

  9. Posted by guest | November 23, 2009 at 2:19 PM

    @8, thought you guys liked ‘em that way

  10. Posted by guest | November 23, 2009 at 2:20 PM

    Paid in kind: 3 boats, 50 ugly ass watches, 20 fake LV purses, 1 well used wife, and two barely used kids.

  11. Posted by CoveredLong | November 23, 2009 at 2:26 PM

    Hotel Receipt Guy,
    Do you ever post regular (non-receipt) comments or do you strictly regulate yourself to hotel receipts?
    -Curious Commenter Brigade CEO

  12. Posted by guest | November 23, 2009 at 2:28 PM

    9=merkin capital partners?

  13. Posted by guest | November 23, 2009 at 2:30 PM

    Even the Times thinks the Dollar is screwed. http://www.nytimes.com/2009/11/23/business/23rates.html?_r=1&pagewanted=2
    Buy gold – the one true currency that has survived every Fiat currency.

  14. Posted by guest | November 23, 2009 at 2:31 PM

    @7 thanks for the tip, grandma.

  15. Posted by Tax Chick | November 23, 2009 at 2:39 PM

    @6 – stop being a psycho and do your own work.

  16. Posted by guest | November 23, 2009 at 2:43 PM

    @15/TC I read you, thanks. One more clue today.

  17. Posted by guest | November 23, 2009 at 2:46 PM

    I know the Hotel Receipt Guy very well and he is concerned that the genre will get overused so he lays in wait for an “opportunity”.
    He probably doesn’t want it out but he probably originated the “A. Drury” comments seen here, too.
    He is a funny guy in person and is generally always “on”. I suspect he may be The Joke Briefer. In real life, he is a trader and he is writing a book. He has contributed humorous bits of news to a major publication for several years just because (a) he has a nose for that stuff and (b) he’s bored most of the time and says an idle mind is the Devil’s workshop.

  18. Posted by CoveredLong | November 23, 2009 at 2:46 PM

    @16 – Yea but are you sure, I mean REALLY SURE it’s not Frenzy or Marnie…jus sayin.

  19. Posted by Tax Chick | November 23, 2009 at 2:53 PM

    @CL – because 33D won’t work, twerp.

  20. Posted by Joe Mac | November 23, 2009 at 2:54 PM

    Cluz- She’s been that way since she became “The Future”. Its more than birthin’ hips, my friend. Stairmaster can’t make a dent.

  21. Posted by guest | November 23, 2009 at 2:55 PM

    Maybe hotel receipt guy is Jon Shazar. Just like David Einhorn is Finkle.

  22. Posted by MadeOff | November 23, 2009 at 3:03 PM

    I left some for guys like Picard.

  23. Posted by CoveredLong | November 23, 2009 at 3:05 PM

    @19/TC – Good point, dweeb(ette).

  24. Posted by guest | November 23, 2009 at 3:07 PM

    @13 Please shit in your hat and wear it.
    -kthnx

  25. Posted by ComfortablySmug | November 23, 2009 at 3:09 PM

    Where the hell is hotel receipt guy?

  26. Posted by Investorcluzo | November 23, 2009 at 3:10 PM

    @9 – what do YOU mean when you say “you [people]?” examine your motives…some of “us” think for ourselves and have different tastes.
    @JM – interesting, recall the video of her playing cricket:
    http://www.cnbc.com/id/15840232?video=743333776&play=1
    perhaps those pants were a little more “supportive” (a la spanx) if you know what I mean.

  27. Posted by Joe Mac | November 23, 2009 at 3:22 PM

    @Cluz No question there are supporting garments at work.
    That said, what can we do for MB?

  28. Posted by Investorcluzo | November 23, 2009 at 3:40 PM

    @JM – nip tuck?

  29. Posted by guest | November 23, 2009 at 3:46 PM

    That Indians playoff ticket line item was a cheap shot at the Cleve. At least they still have Bron Bron.

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