News Brief
3/17/2010, Nisan 2, 5770
Madoff Family Challenging New York Trustee Claims
Bernard Madoff’s brother and sons are attempting to have complaints filed against them in bankruptcy court dismissed. Trustee Irving Picard has claimed the family members who worked at Madoff’s firm should have known about his epic ponzi scheme and further argued that because they also profited from the fraud, the Madoffs should now return the money to burned investors. Lawyers for the brother, Peter Madoff, and sons Mark and Andrew argued in court papers that family members were in the dark about a massive pyramid scheme that spanned decades and ultimately ruined many investors financially.