Former SEC lawyer settles Madoff claim

David Becker, the former top lawyer who came under fire for his part in the Securities and Exchange Commission’s decisions relating to Bernard Madoff, has agreed to pay more than $550,000 to the trustee overseeing the liquidation of Madoff’s company.

The settlement will resolve a claim by the trustee Irving Picard who sued Becker and his brother last year for $1.5 million in allegedly fictitious profits held in their late mother’s account.

Find out more about the case and why Becker “always expected that he would return any fictitious profits”.

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