Irving Picard, Securities Investor Protection Act Trustee, left, is joined …

Mary Altaffer | published: April 24, 2011

Irving Picard, Securities Investor Protection Act Trustee, left, is joined by U.S. Attorney for the Southern District of New York Preet Bharara during a news conference, Friday, Dec. 17, 2010 in New York. The trustee recovering money for Bernard Madoff's burned investors has reached a settlement with the estate of a Florida philanthropist and businessman who made billions of dollars off the fraud.