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How we helped
Notorious financier Bernard L. Madoff was arrested in December 2008 for orchestrating the largest Ponzi scheme in history.
The hard work of unraveling Madoff’s labyrinthine business and recovering the assets he stole began with the appointment of Irving H. Picard as trustee overseeing the liquidation of Bernard L. Madoff Investment Securities (BLMIS).
The Securities Investor Protection Corporation (SIPC) retained AlixPartners as claims agent and financial advisor to assist in recovering and distributing the bulk of the estimated $17.5 billion principal stolen from Madoff’s investors. The firm’s role has since expanded to include assisting with the resolution of thousands of highly complex litigation matters.
$14.3bn
distributed to eligible claimants
The Madoff case demonstrates the wide range of expertise and capabilities that AlixPartners can draw upon to solve monumental problems.