Wednesday, September 02, 2009

Madoff case trustee targeting sons, brother: report

Reuters reports:
The court-appointed trustee in charge of the Bernard Madoff Ponzi case is preparing to file civil complaints against Madoff's two sons, as well as his brother, CBS News reported on Tuesday.

Trustee Irving Picard will seek more than $50 million, including at least $30 million in loans to the sons, the report said, citing a source. It added the aim was to recapture money diverted from Madoff's massive Ponzi scheme.