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Madoff trustee now seeks $255 million from family

Posted on 07 May 2012 by BobL

(Reuters) – Members of Bernard Madoff’s family were hit with an expanded $ 255.3 million lawsuit, saying they should have caught the patriarch’s Ponzi scheme and must return the benefits to victims.

 

The family defendants are Madoff’s brother Peter, who was the Madoff firm’s chief compliance officer; son Andrew, who was co-director of trading; the estate of son Mark, who was also co-director of trading and committed suicide in December 2010; and niece Shana, a compliance officer.

The spouse defendants are Deborah Madoff, who began divorce proceedings against Andrew Madoff in 2008; Stephanie Mack, Mark Madoff’s widow; and Susan Elkin, who divorced Mark Madoff in 2000.


Reuters: Top News

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