Word: unclearly
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...legal offensive. Most see the Internal Revenue Service as the go-to place for lost monies, with at least three years of back taxes being recoverable. The next best hope: the Securities Investors Protection Corporation, which was set up for just such fraudulent behavior among securities brokers. It's unclear how much money SIPC has for victims, and payouts are notoriously slow. But there are reports it may offer between $100,000 to $500,000 per victim, provided one can prove they were part of Madoff's madness - no small task for those who lost money through feeder funds. SIPC...
...others', were in that group, too. She's lost everything, over $5 million. CMG investors lost $80 million total, according to a class action suit filed in United State District Court in California last week. Silverton's family, in another Chais group called Caroline, also lost everything. It's unclear how many sub-groups Chais had going, but there were at least six I know of in the Los Angeles area. Stanley says he's lost everything, too, including his substantial Chais Family Foundation, which has shut down...
...still unclear whether the Democrats have enough votes to pass the bill, even with a majority of 58 - or 59 if they win the last undecided Senate race in Minnesota. Democrats will need 60 votes to overcome what is sure to be a GOP filibuster of the measure and only one Republican supported it in a previous vote, Pennsylvania's Arlen Specter. Nor is it certain that all of the incoming Democratic senators - many of them more moderate and business friendly, such as Virginia's Mark Warner, Tom and Mark Udall (cousins from New Mexico and Colorado) and Alaska...
...foundation reported a $952 million market value of its investment portfolio on its 2007 tax return, but it is unclear exactly how much the foundation lost. Flier, who is also the dean of the Medical School, was awarded $1.5 million last October to further his work in diabetes and metabolism over the next three years. Kahn, who heads the division of endocrinology, diabetes, and metabolism at Harvard-affiliate Beth Israel Deaconess Medical Center received $1.35 million...
...with money from federal agencies like the National Institutes of Health. Kahn, for instance, received Picower grants to investigate a potential function of fat cells that she said was too preliminary to gain federal support at the time. With the funding stream from Picower unexpectedly shut off, it is unclear whether the researchers will be able to continue the innovative work...