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:
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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