Media are reporting today that on the list of Madoff's investors/victims was his own lawyer, Ira Sorkin. Now, I'm no legal eagle here, but does anyone have any ideas as to how this does *not* constitute a conflict of interest for Mr. Sorkin representing Madoff in any criminal or civil proceedings? It strikes me as highly irregular.
I was shocked to read that too. I bumped up an older thread about Madoff that mentioned Sorkin in it. http://www.elitetrader.com/vb/showthread.php?s=&postid=2291526#post2291526