Madoff’s Relatives Sued for $69 Million

Dozens of former customers of Bernard Madoff, including relatives of the convicted Ponzi schemer and his wife, were sued late Friday by the trustee who is attempting to recover money for victims. The trustee, Irving Picard, said he had filed 40 lawsuits in federal bankruptcy court in Manhattan to recover $69 million for investors. He said 22 of the lawsuits were filed against relatives of Mr. Madoff and his wife, Ruth Alpern Madoff, while 18 others were filed against former employees of Bernard L. Madoff Investment Securities and related entities. – WSJ

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.