Irving H. Picard (born June 26, 1941) is an American attorney renowned for his expertise in bankruptcy reorganization and complex litigation. With over 50 years of legal experience, Picard began his career as a security analyst and trader before transitioning into law, where he developed a reputation for handling intricate financial cases effectively. He is a partner at the law firm BakerHostetler, where he has focused on bankruptcy matters, earning praise for his practical and cost-effective approach to supervising complex cases. Picard gained international prominence in 2008 when he was appointed by the U.S. Bankruptcy Court as the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, following the exposure of Bernie Madoff's massive Ponzi scheme. In this role, he has been instrumental in recovering billions of dollars for victims by pursuing claims against Madoff's investors, family members, spouses, and estates for alleged fraudulent transfers and preferences. His efforts through BakerHostetler have resulted in approximately $1 billion in fees for the firm, while prioritizing maximum recovery for defrauded investors. Picard's analytical background has aided in dissecting the fraudulent network, and he remains motivated by a commitment to justice for those who suffered losses.