Bernard Madoff's brother, sons and a niece used the family finance business like a "piggy bank," a court-appointed trustee charged Friday as he demanded in a lawsuit that they return almost $200 million in money to be distributed to cheated investors. The trustee, Irving Picard, sought $198.7 million from Madoff's brother, Peter, who had worked at Madoff's Manhattan investment company since 1965, and sons Mark and Andrew. Also sued was Shana D. Madoff, Bernard Madoff's niece and Peter Madoff's daughter.
October 05, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Bernard Madoff’s brother, sons and a niece used the family finance business like a “piggy bank,” a court-appointed trustee charged Friday as he demanded in a lawsuit that they return almost $200 million in money to be distributed to cheated investors.
The trustee, Irving Picard, sought $198.7 million from Madoff’s brother, Peter, who had worked at Madoff’s Manhattan investment company since 1965, and sons, Mark and Andrew.
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