Baker & Hostetler has charged the Securities Investor Protection Corp. $110 million so far for its work unraveling the Madoff Ponzi scheme.
In April the law firm of Irving Picard, the trustee in charge of the Madoff estate, submitted another bill for $43.2 million plus $1.1 million in expenses.
In it: $2,000 for photocopying, $13,065.93 for stationery and “office supplies,†and $50,067 for preparing the bill itself.
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“Ok, said curious client,at $1000 dollars an hour it took over a week just to prepare a bill !!” “I thought Madoff was in jail.”
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