$7 Billion Settlement for Madoff's Victims

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Bernie Madoff's ponzi scheme defrauded investors of some $20 billion, and a trustee for the victims wants to recover $32 billion, including punitive damages. Today, Preet Bharara, the US Attorney in New York, announced a $7 billion settlement with the widow of Madoff investor Jeffrey Picower. Diana Henriques is senior financial writer for the New York Times.

Credits

Guest:
Diana Henriques - Senior Financial Writer, New York Times

Host:
Warren Olney

Producers:
Darrell Satzman, Sonya Geis, Frances Anderton