Confidential To Any Madoff Victims Looking To Get Paid


Or anyone interested in taking a gamble on Madoff victim payouts. Consider the following route.

Hey Bess,
A small broker has been sending around an offer sheet of Madoff claims. Offers in the high 50s for direct claims (i.e. guys who had accounts with Madoff directly) and teens for some indirect claims (guys who invested in feeders). In the former case, that price is on approved claims -- so whatever Picard has certified as a claim (which, as I understand it is net amount invested -- i.e. total approved claims is somewhere north of $10bio). I'll be interested to see if any of these claims actually trade!