Called a “clawback” law, those investors who made fake profits may now have to return their ill gotten gains to the bankruptcy trustee.
…bankruptcy trustee Irving Picard found that about 50 percent of his active clients withdrew more than they invested. Now, those who made a profit could be asked to pay some of that money back under “clawback” laws.
Jeffry Picower made the most money raking in $6.7B over a 20 year period. Picower’s closed charity may have to pay some of the money back.
