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

Be the first to comment

Leave a Reply

Your email address will not be published.