Uh, thanks Mr. Madoff? One divorcé may now recoup millions from his divorce settlement because of the Ponzi schemer. An appeals court has ruled that Paul, Weiss lawyer Steven Simkin didn't have to pay his ex-wife all of the money he had previously been ordered to. You see, back when Simkin and his wife of 30 years, Laura Blank, were getting their divorce in 2006 he thought he had $5.4 million invested with Bernie Madoff. So naturally he agreed to pay her $2.7 million. And then this happened. more ›

In his $6.6 million divorce settlement two years ago, big shot real-estate lawyer Steven Simkin (pictured) paid his ex-wife Laura Blank $2.7 million to buy out her half of their Madoff investment, which he thought was worth $5.4 million. Now, according to his attorneys, the "account" is worthless, "literally not worth the paper on which the parties' valuation rested." So Simkin wants some of that money back, because "Laura has been unjustly enriched, having received millions of dollars based on an illusory and exaggerated value attributed to the 'account.'" Blank, who works for CUNY, tells the Post she isn't really feeling Simkin's pain: "What he's doing is outrageous. He made a poor investment choice and it's his problem." Just as every bum's lot in life is his own responsibility, regardless of who he chooses to blame! more ›