President Barack Obama will nominate Carl Shapiro , the deputy assistant attorney general for economics at the antitrust division of the Justice Department, to his Council of Economic Advisers, White House press secretary Jay Carney said.
Carl Shapiro, one of three members of the White House Council of Economic Advisers, is leaving his position soon to return to teaching at the University of California at Berkeley, an administration official said.
Carl Shapiro, one of the first clients of Bernard Madoff’s investment firm, and 19 members of his family agreed to forfeit $625 million in profits from the con man’s fraud, settling potential lawsuits against them.
Trico Marine Services Inc. , a provider of support vessels for the offshore oil and natural-gas industry, filed a motion on Dec. 6 seeking approval of a settlement with holders of high-yield secured notes issued by operating companies not in bankruptcy.
The estate of Jeffrey M. Picower and his investment funds agreed to give back every cent of the $7,206,157,717 earned in profits over 30 years of investing with Bernard L. Madoff Investment Securities Inc. The settlement, announced Dec. 17, was made with the widow of Picower, who drowned in his swimming pool in Palm Beach, Florida, in October 2009.