Friday, October 02, 2009

Trustee Sues Four Madoff Relatives, Seeking $199 Million

The New York Times reports:
A court-appointed trustee has sued four members of Bernard L. Madoff’s family to recover almost $199 million for customers defrauded in his enormous Ponzi scheme.

The action, filed on Friday in federal bankruptcy court in Manhattan, names Mr. Madoff’s younger brother, Peter; his two sons, Mark and Andrew; and his niece, Shana, who is Peter’s daughter.