Tags: US | Madoff | Scandal

NY Suit Seeks $30 Million in Madoff Family Money

Thursday, 29 Jul 2010 09:12 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The New York trustee appointed to recover money jailed financier Bernard Madoff stole from investors has sued three entities where he says more than $30 million in Madoff family money was tucked away.

Trustee Irving Picard identified the money in three lawsuits filed Thursday in federal court in Manhattan.

Picard has accused Madoff family members including Madoff's sons of funding lavish lifestyles with close to $200 million stolen from thousands of customers of Madoff's private investment service.

The 72-year-old Madoff is serving a 150-year prison sentence after admitting that he never invested tens of billions of dollars he received from investors.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Oil Boom May Be Just Starting in Permian Basin

Monday, 28 Jul 2014 18:15 PM

Oil production in New Mexico keeps on booming. Don't expect it to go bust anytime soon. In fact, some energy experts say . . .

Chicago's Emanuel Boosting Shelter Space for Child Illegals

Monday, 28 Jul 2014 17:27 PM

Chicago will set up additional shelters for unaccompanied immigrant children to be funded by the federal government and  . . .

US Marshals, Police Wounded, Suspect Dead in NYC Gunfight

Monday, 28 Jul 2014 16:59 PM

Two U.S. Marshals and a New York City police detective were shot and wounded on Monday and a man was killed during an at . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved