Peter Madoff Can Have $10K a Month on Expenses

A judge extended a temporary freeze, until May 8, on the assets of Peter Madoff, brother of jailed swindler Bernard Madoff, on Friday, but agreed that he could have $10,000 a month in expenses.

The lawsuit in Mineola, New York, over $478,000 in inheritance money lost to the Madoff fraud, charged that Peter Madoff as chief compliance officer of Bernard L. Madoff Investment Securities LLC had full knowledge of the Ponzi scheme. [via Reuters]

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