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A Brooklyn Law School student whose family was close to Bernard L. Madoff has filed suit against Mr. Madoff's brother, Peter, the senior managing director and chief compliance officer for Bernard L. Madoff Investment Securities, alleging that his $500,000 trust fund was depleted by the payment of "fictitious returns" to other Madoff investors. In response, Justice Stephen A. Bucaria of Nassau County ordered that Peter Madoff be "prohibited and restrained from removing any funds" from any of his accounts, pending an April 3 hearing.
March 26, 2009 at 12:00 AM
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