Lawyers and accountants dismantling the estate of crooked financier Bernard Madoff are set to earn $1billion in fees - all paid for by the taxpayer.
Attorneys have been charging up to $742 an hour to trace the money left behind when the fraudster's $65billion Ponzi scheme collapsed.
One law firm has already invoiced for $130million whilst others have put in colossal bills for straightforward consultancy work.
The bill is being met by a nonprofit group called the Securities Investor Protection Corporation, which is drafted in to recover the money when brokerage firms collapse.
It is supported by the government meaning that taxpayers are the ones having to meet the exorbitant bills.
Madoff victims have called the payments 'shocking and unconscionable'
http://www.dailymail.co.uk/news/article-1372410/Lawyers-accountants-pocket-1-BILLION-Madoff-clean-fees.html#ixzz1INeZglGhThis is two weeks old, but thought it worth a repost considering how much talk about the budget is going on, how they are cutting off homeless veterans, making poor people eat dirt etc.