Madoff Sons, Brother, Niece To Be Sued: Report

NEW YORK (Reuters) - Epic swindler Bernard Madoff's two sons, his brother and a niece will be sued this week for $198 million, the trustee winding down the Madoff firm told CBS News' "60 Minutes" broadcast on Sunday.

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    Bernard Madoff's brother, sons and niece were sued by a liquidator over claims they spent $198.7 million of victims' money and treated the con man's investment firm as a "family piggy bank." The lawsuit against brother Peter Madoff, sons Andrew and Mark ...
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  • Madoff relatives sued for $199 million
    The trustee, Irving Picard, is suing: Madoff's brother, Peter, who was the investment securities firm's chief compliance officer; two sons, Andrew and Mark, who served as co-directors of trading; and niece, Shana, who was the compliance director.
    10/2/2009 - 11:02 am | View Link
  • Finally: Madoff's Sons, Brother, Niece Sued For $199 Million
    The trustee in charge of liquidating Ponzi schemer Bernard Madoff's assets, filed a lawsuit against Madoff's two sons, brother and his brother's daughter for $199 million in ill-gotten gains from the multi-billion dollar fraud. Irving Picard said the ...
    10/2/2009 - 6:42 am | View Link
  • Bernie Madoff's sons, kin sued by trustee in case; claims they used tainted firm as 'piggy bank'
    The trustee in the Bernie Madoff case sued the Ponzi schemer's kids, a brother and a niece Friday - claiming they treated his investment firm as a "family piggy bank." The trustee, Irving Picard, wants the greedy relatives to fork over $198 million that ...
    10/2/2009 - 6:39 am | View Link
  • Madoff trustee sues swindler's family
    A trustee trying to recover Bernard Madoff's assets to reimburse investors has sued his brother, sons and a niece to recover nearly $200 million. The lawsuit was filed Friday in U.S. Bankruptcy Court in Manhattan. In the court papers, Trustee Irving Picard ...
    10/2/2009 - 4:20 am | View Link
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