The Securities and Exchange Commission's top lawyer tells CorpCounsel.com 'we'll respond and do the right thing' after he's sued over allegations his family's estate wrongfully received over $1.5 million in phony profits from Bernard Madoff's massive fraud.
February 24, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The top lawyer for the Securities and Exchange Commission has been named as a defendant in a clawback suit (pdf) seeking the recovery of profits gained through investing with Bernard Madoff.
The New York Daily News reported that trustee Irving Picard filed suit last November, claiming the family of David Becker invested with Madoff and earned more than $1.5 in ill-gotten gains.
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