Carmen Wong Ulrich, finance expert and author of “The Real Cost of Living,” sat down with TV-55’s John Elliott and Lisa Kerney to answer the 5 big questions people have about money
Kevin Davis left MF Global in 2008 after the firm lost more than 90 percent of its market value.
Andrew Finkelstein, a partner with the law firm, said that by tapping into outside sources of funds, the firm could deliver legal services to clients at a lower price. Also, he argued that the rules were unconstitutional.
A lawyer for the investors filed papers in federal bankruptcy court in Manhattan objecting to a settlement that will provide $7.2 billion to Madoff investors who lost their original investment.
The news that some of Bernard Madoff’s victims could be getting half their money back was of little comfort to Richard and Cynthia Friedman, and others who saw their life savings erased in the mammoth fraud.