Former AUSA David Siegal Knows the Man Behind the Madoff Prosecution

03/17/2009

His Middle Name is O; The Man Behind the Madoff Prosecution
Wall Street Journal Law Blog

At a federal-court hearing last Thursday, U.S. District Judge Denny Chin told Bernard Madoff that if he pleaded guilty, the government “could” seek restitution from him to compensate thousands of victims.

Marc O Litt, the federal prosecutor overseeing the case, quickly chimed in: “Restitution is mandatory, not discretionary.” The judge acknowledged the error, and Madoff pleaded guilty moments later.

A big weight must be sitting on Litt, 46 years old, who is tasked with investigating whether anyone else knowingly helped Madoff carry out the biggest fraud in U.S. history.

So who is Marc O Litt? (That’s right: O, with no period, is his middle name.) ...Former colleagues from the 20-person securities fraud unit at the U.S. attorney’s office in Manhattan, where Litt works, all use the same adjectives to describe him: “mild-mannered,” “unassuming,” “quiet.”

Litt (Harvard ‘84, Columbia Law ‘92) isn’t exactly the wacky guy in the office. Unlike most other AUSAs, whose office walls are adorned by posters of boxer Muhammad Ali or Al Pacino from “Scarface,” Litt’s walls are blank, matching his unassuming character, says David Siegal, a former colleague who is now at Haynes and Boone.

Excerpted from the Wall Street Journal's Law Blog.  For full text, click here.

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