The lawsuit is on behalf of investors who bought shares inflated by a swindle and sold them after the swindle was exposed.
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The truth is there is a seller for every buyer, so any big pension fund is just as likely to have made money off of a swindle as the other way around.
FORBES: Class-Action Lawyers Fight For Piece Of JPMorgan Case
He bases his claim on the "stark evidence of fraud" that occurred in Picower's Madoff accounts, suggesting that Picower "knew or should have known" he was profiting from a swindle and implausible rates of return--some as high as 950% annually--which should have sent up red flags.
At worst it looked like a stock swindle built on a mountain of mathematical nonsense.
Belgian Green MEP Philippe Lambert agreed, saying that that operators' margins were still too big, and amounted to a "swindle".
Privacy advocates think their movement is reaching a critical mass and that Swindle is holding on to a well-intentioned but ultimately doomed ideal.
Her biggest film acting credit appears to be in Tom Sizemore's "Swindle, " a 2002 crime thriller, according to the IMDb.
Nuhu Ribadu, head of Nigeria's Economic and Financial Crimes Commission, said the swindle took place over a four-year period starting in 1995.
Swindle ended up serving as a district chairman in the state.
He said criminals there were holding filing parties, at which they would haul out laptops and, for a fee, teach others how to run the swindle.
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Swindle left home to attend Georgia Tech, earning a degree in industrial management in 1959.
Where privacy advocates see the specter of a corporate Big Brother gathering details on consumers' every move, Swindle sees enterprise thriving.
Come the Bush administration, Swindle "was not invited to stay, " he recalls with a chuckle - perhaps because he favored Rep. Jack Kemp as Reagan's VP over George Bush.
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