coincided with mr madoff for leaving the drum campaign. was there anything about. that issue when it was occurring that concerned you well i certainly noticed it because i was you know a week or so away from arriving in ukraine. i think that from a ukrainian perspective i realize we are looking at this from an american perspective from ukrainian perspective i think that what. mr bush and co and others who are looking into the black ledger were most concerned about was actually not mr mann of for. former president in a covert and his political party and the amount of money that they allegedly stole and where it went and so forth i mean i think there's just a difference in perspective depending on which country you're in. but you can understand the president at least from his perspective looking at these facts certainly is reasonable to conclude that there are elements of the ukrainian establishment that are are advocating against them at this point time correct well you know just speaking about mr schank oh he's an investigative journalist as you said and he got acc

that madoff. was so much more and would soon have seen the one. that was doubling does not suck. up the sonos enough of some. business. another nevadan then needs to know again about him and called the. mileage they are any of us. what getting caught or moderate get the. deal plus. real. mitt what is it would you. just call that the. war needs to get. middle of the. video. come home on monday. morning this just does mean that. quality investment as novice who lifted album. the death. he didn't. quit it. was born on the on the chin on up on you knowing. collectivism. as is allowed to sit on the head of his woman quote i'm not. well the news i'm up close with that love will now serve. as long as i look how about the demure denim of the. clothes we know will cause i. do believe a bit of. salt we had just yesterday. was better got other to. put in. the holes in the wall couldn't. really move on you. come to that conclusion of the race that a particular about all his money. so yes i'll see. this measure the pot isn't. part of the commune missed what isn't obvious to everyone else who

. >> more than a decade after it began, the saga of bernie madoff may be coming to a close.it is lawyers, courts and billions of dollars. here is the story. >> in 2008, bernie madoff admitted running the biggest ponzi scheme ever. he bilked investors out of $17.5 billion and he was sentenced to 150 years in prison. hundreds of lawsuits were filed to recover victims' investments. so far, 14 $.2 billion has been given back very there is -- 14.2 $14.2 billion-- has been given back except for some in foreign banks. a judge ruled that they could go after the money from the banks. he appealed and the wheels of justice turn slowly. it wasn't until last february, five years later, that a court of appeals overturned lower courts decision. is expected court to decide next month whether to hear the case. one way or the other, it has been a big winner. trusteezi schemes, the usually gets no more than 30%. but he has at 80%. if he gets back the $3.2 billion, he would be close to 100%. bloomberg businessweek is available on newsstands now. kailey: and also online and our mobile app. inclu

that madoff. was so much more and would soon have seen the one. that was doubling does not suck. up the sonos enough of some. business. and. another nevadan then needs to know again about him and the. mileage they are any of us. what getting caught immoderate get the. deal plus she died really. mitt what is it would you. just call that the. dog or need to get. middle of the. video. that come home on monday. morning does it mean that. quality invitation as novice who that. bit of. it. could. come home on the on the weekend on a fun. collectivism cheer. as usual how just because i'm ahead of his woman quote i'm not. when the news i'm up close with that you are going to house a surge of arkansas as long as i look how about a demure that i want to be. cause you know we're. going to. have. to sot we have to steady. ozzy was better got other with. the husband the law couldn't. do that can clean up the risk of a particular of that on his mind on the cloud. so i mean s.l.c. . will see on this measure the pot isn't close is it but isn't commutes mused what is an obvious it is that awful r

despite the progress children's rights remain a battle down the reports from nigeria where girls madoff while they are still children. a muslim neighborhood in a city in northern nigeria i came here to find out about a girl who was locked up in this place for 2 years not much light or food and left on her own her name is her son she was a child bride these pictures were taken when she was released from captivity just a week ago she was held here by her family because she refused to return to her husband she was only 15 when she was forced to marry a mother for a child bride one of millions in nigeria if you're born a girl here there's a 44 percent probability that you will be married before you 18th birthday. this neighbor. he says at the age of 15 she wasn't too young to be married he would marry his daughters off much younger. son's. age. 6. by the. short. this is. a fierce advocate for women's and children's rights she helped to be freed robbie is muslim herself she says the koran does not justify this practice dallas lho pacific or any findings or any security that proved those thin

. >> on the back page, more than a decade after it began, the saga of bernie madoff may be coming to it is a tale of lawyers, courts, and billions of dollars. madoff008, bernie admitted running the biggest ponzi scheme ever. build investors out of $17.5 billion and he was sentenced to a hundred years in prison. hundreds of lawsuits were filed to recover victims' investments. so far he has been able to clawback $14.2 billion. there is one source of money he has not been able to get to. about $3.2 billion held by foreign banks. ruled4, a federal judge the bankruptcy code did not allow picard to go after the banks money. naturally he appealed, but the wheels of justice turn slowly. it was not until last february, five years later, a court of appeals overturned the lower court's decision. now the banks have appealed to the supreme court. the high court is expected to decide next month whether to hear the case. one way or the other, picard has been a big winner. in most ponzi schemes, the trustee recovers no more than 30% of lost funds. picard is at 80% now. if he gets back the $3.2 billi

. >> in 2008 bernie madoff admitted running the biggest ponzi scheme ever. investors out of $17.5 billion and he was sentenced to 150 years in prison. the trustee in the case filed hundreds of lawsuits to recover investments. so far he has been able to clawback over $14 billion per there is still one source of money he has not been able to get to, about 3.2 billion held by foreign banks. in 2014 a judge ruled that the bankruptcy code did not allow him to go after that money. naturally he appealed but the wheels of justice turn slowly. it was not until last february that a court of appeals overturned the lower court decision and so now the banks are appealing at the high court is expected to decide next month whether to hear the case. one way or another, he has been a big winner. in most schemes the trustee recovers no more than 30% of the funds. he is at 80% now. if he gets back the 3.2 billion he would be close to 100%. jason: bloomberg businessweek is available on newsstands now. kailey: and also online and our mobile app. >> we are here at 70 degrees nort

. >> even bernie madoff made charitable contributions and it doesn't make him a good guy. ms. cooper, your testimony today demonstrates the power of coming forward and defying lawless orders from the president. because you came forward and testified we learned this new information which destroys a central defense that the republicans have put forward. because ambassador taylor came forward, one of his employees learned this defense from the republicans that all we had was hearsay evidence, and mr. holmes said actually, i heard the president of the united states tell ambassador sondland where are we with the investigations? your courage has aided this investigation despite the president's continued obstruction. i yield back. >> mr. herd? >> thank you, chairman. >> ambassador hale, you're, in essence, the number three guy at the state department, is that correct? >> correct. >> represent roughly 70,000 folks. >> >> i wouldn't say i represent them. i'm one of them, yes. >> were you part of a pretty fantastic workforce that i've been proud to be able to serve alongside. we shared

question of the hour peter if you'll remember several weeks ago there were reports emerging from madoff that the prime minister was going to be submitting his resignation as an answer to what the demonstrators were demanding that never came to pass you had many officials here saying that he was going to be stepping aside it didn't happen then you had reports that there had been these secret deals made in parliament here various factions parliamentary groups essentially coming together to try to ensure that the prime minister in this particular cabinet stayed in power because they did not believe that there was anybody else here that could take on this guy. if huge responsibility in order to try to mollify the protesters and put an end to this crisis they put out these statements they tried to tell the protestors that they were going to enact electoral reform that they were cutting corruption that they were you'll pardon us it again it's a pretty chaotic scene here right now in any case. we you had all these statements coming out and yet the demonstrators continue to come out despite the

having some legitimacy to it that you are going to get a good return, but it would be similar to madoff where you didn't have to pay out and in this case, $50 on $2 million. there's a lot you said we need to do a better job of preventing and getting the institutions that are normally the vehicle, whether it's a bank or a phone company more involved in it. carol, what is your because the postal service is used so often to be, again, an agent for this. >> are you finding more? is it stabilizing? less? what's the prognosis look for down the road. >> the postal service has no interest in being an unwitting participant. as long as there's commerce, there will be scams and schemes. hence the existence of the inspection service partnership with our federal state and local entities. we're going to continue to engage in the fight. it's still alive and well. it evolves. robo calls and the good work of the senate to stop the robo calls, an example of a digital evolution. but eventually, they connect to the mail. we move communications, we move physical goods. eventually >> the conspiracies will wo

been disguised of having some legitimacy, in the sense he would get a good return, but similar to madoff where you didn't have to pay out. in this case, $50 on $2 million. there's a lot to be said. we need to do a better job of preventing, getting the institutions that are normally the vehicle, whether a bank or a phone company, more involved. because what is your, the postal service is used so often as an agent for this. are you finding more? is it stabilizing? less? what is the prognosis look for down the road? inspector harris: the postal service has no interest in being an unwitting participant in any of these scams or schemes. as long as there is commerce, there will be scams and schemes, hence the existence of the inspection service. we will continue to engage in the fight. it is still alive and well. it evolves. robocalls, and the good work of the senate to stop them, an example of a digital evolution. but eventually, they connect to the mail. we move communications, commerce, physical goods, and eventually the conspiracies at times will work their way into our web. that is when w

has nough time to detect and sue the bernie madoffs of the world. speaker, i reserve the balance of my time. the speaker pro tempore: the gentleman from texas reserves the balance of his time. the gentlewoman from missouri is recognized. mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman is recognized. would like to recognize the gentleman from tah, mr. mcadams, and the ranking member of capital markets subcommittee, mr. huizenga, for their diligent this bipartisan bill. this bill is the result of the cocash decision which restricted the s.e.c.'s disgorgement decision to five years. s.e.c. chairman jay clayton almost never advocates for ongress to legislate on a particular issue. owever, the issue before us today is the exception. as chairman clayton expressed concerns that a five-year limitations allows ad actors to hold on to their ill-gotten gains obtained outside of that five-year window. chairman clayton pointed out, many long-running frauds go cases, well n some longer than five years and it's wron

really think of anyone that went to prison from wall street's perspective, they may throw bernie madoffthe same breath say he wasn't really wall street, right? so there's a lot of animosity that continues to linger to this day. neil: you know, i agree with everything there. but here's where i draw a distinction. when we look back at this campaign year, we might look back to elizabeth warren sort of jumping the shark on this wealth tax or go a little far, where even people who aren't very rich start saying whoa, this was the thing that triggered so many, including hillary clinton now, duval patrick, former massachusetts governor, from entertaining runs of their own, because they don't like the direction that seems to imply the party is going. what do you make of that? charles: i think you're right there, but that's going to be the fight. that's the fight we are witnessing right now. warren and sanders on one side, perhaps establishment candidates parachuting in, but again, think about this, though. these are folks from the outside looking in. these are wall street candidates. hillary cli

. >> so i guess we can agree that even bernie madoff made charitable contributions, but that doesn't make him a good guy. todayoper, your testimony demonstrates the power of coming forward and defying lawless orders from the president. because you came forward and testified, we learned this new information, which destroys a central defense of the republicans. because ambassador taylor came forward, one of his employees learned this defense from the republicans that all we have is hearsay evidence, and mr. holmes said, actually, i heard the president of the united states tell ambassador sondland, where are we with the investigations? your courage has helped this investigation despite the president's continued obstruction. i yield back. >> mr. hurd? >>, thank you, chairman. ambassador hale, you are in essence the number three guy at the state department, correct? >> correct. >> you represent roughly 70,000 folks? >> i wouldn't say i represent them. i am one of them, yes. >> you are part of a pretty fantastic workforce, and i am proud to serve alongside them. we shared time together in

he looks at bernie madoff's ponzi scheme. the case of jerry sandusky.to tackle. what did you see that led you to this topic. >> they all have a common element. they involve two people trying to communicate and failing on a fundamental level, right? the people that saw jerry sandusky did not understand who he was. a chapter on bernie bernie mado. they thought he was a brilliant invest investor, but they were duped by him for so long. why it would be so difficult to understand someone that we're in such an interact with. >> so the prescription is to talk to the strangers and try to understand them before it gets to the point of the ponzi scheme or jerry sandusky. >> i try to understand what are the specific strategies that are leading us astray. i also come down that we have to accept that our -- that our inability to make sense of strangers sometimes is a necessary price we pay for a trusting society. and i am very anxious that we not do away with the good part to deal with the occasional deceptions. >> a couple of questions. one, how did you select the

manage its own books and uses smoke and mirrors accounting maneuvers that would make even bernie madoff blush. but that's only the start of the concerning proposals we've heard from folks on the left. our colleague from massachusetts, for example, said if she wins the presidency, she'll soak the american taxpayer even more in an attempt to fund her completely unworkable health care proposal. the differences are pretty stark in the approach. pro-growth, job creating, economy creating policies or big government, even socialist policies, those seem to be the two most obvious choices. i know what camp i'm in and i know what camp that texans are in on this topic. this constant effort to belittle the progress we've made because of tax reform reminds me of when nancy pelosi compared the savings of the american people under tax reform to crumbs. she called them crumbs. one texan named mark told me that his take-home pay increased by $302 a month. that may be crumbs to nancy pelosi, but mark said it will cover his cable, his internet, and his auto insurance bills. he doesn't consider that crumbs