The financial whirlpool created by Bernard Madoff continued to churn Tuesday as the price tag of liquidating his old firm rose, and duped investors including actors Kevin Bacon and Kyra Sedgwick struggled to accurately estimate how much they lost. Meanwhile, one part of the cost of cleaning up after Madoff's collapsed firm came into clearer focus, as a federal bankruptcy judge on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Madoff's investment firm.
Madoff Liquidation Trustee Receives $28 Million for Costs
The Associated Press
December 31, 2008