Scammed Law Student Wins Freeze of Madoff Bro Funds

Peter Madoff had 'full knowledge' of scam, lawsuit charges
By Mary Papenfuss,  Newser User
Posted Mar 26, 2009 3:48 AM CDT
The French chateau owned by Bernard Madoff's wife, Ruth.   (AP Photo/Lionel Cironneau, File)
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(Newser) – A Brooklyn law student who lost a $500,000 inheritance in the Bernard Madoff scam has won a court order freezing the assets of the swindler's brother, reports Reuters. Peter Madoff was in charge the student's trust, which he invested in Madoff's s scheme. Peter Madoff was an executive officer of the investment company but has not been charged with a crime. The suit charges he had "full knowledge that it was a fraudulent Ponzi scheme and an unprecedented fraud."