In Amended Complaint, Madoff Trustee Seek $226 M From Madoff Management

The court-appointed trustee overseeing the unraveling of Bernard Madoff's massive Ponzi scheme has filed an amended complaint in which he is seeking the return of $226.4 million from several Madoff family members including Madoff's brother, sons, and niece (the "Madoff Defendants").  Picard had originally filed suit against the Madoff Defendants in October 2009, seeking nearly $200 million.  

Each of the Madoff Defendants held senior management positions at Madoff's investment firm, Bernard L. Madoff Investment Securities ("BLMIS"), including:

  • Peter Madoff - Chief Compliance Officer     
  • Mark Madoff (now deceased) - Co-Director of Trading at BLMIS
  • Andrew H. Madoff - Co-Director of Trading at BLMIS
  • Shana D. Madoff - Compliance Counsel, in- house Counsel, and Compliance Director of BLMIS 

Click here to read the entire post and download the complaint.

For more news and analysis of Ponzi schemes, visit Ponzitracker, a blog by Jordan Maglich, an attorney at Wiand Guerra King P.L.

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