Investigators Probing Some of Madoff’s Purported Victims

The trustee in bankruptcy in the Madoff case has filed suit against some who have called themselves victims of the Madoff fraud. Irving Picard, the court appointed trustee for Bernard L. Madoff Investment Securities, LLC, has filed suit against two associates of Madoff. The suits allege that Jeffry Picower and Stanley Chais sought and received […]

Madoff Trustee Begins “Clawback” Suits

Irving Picard, the court appointed trustee who is liquidating the assets of convicted con artist Bernard Madoff has filed his first law suits seeking the return of funds withdrawn by Madoff investors. Picard has sued Viscaya Partners, Ltd., a British Virgin Islands investor and its bank Safra, Ltd. The suit asks for $150 million. The […]