A Brooklyn Law School student whose family was close to Bernard Madoff has filed suit against Madoff's brother, Peter, claiming Peter Madoff squandered a trust fund of nearly $500,000 in his brother's massive Ponzi scheme. In response to the suit by Andrew Samuels claiming that his trust fund was depleted by the payment of "fictitious returns" to other Madoff investors, a New York judge has temporarily frozen Peter B. Madoff's assets.
Judge Freezes Assets of Madoff's Brother
New York Law Journal
March 26, 2009