Madoff Victims Trustee Eyes Brother's Bucks

New focus on Peter as trustee seeks to compensate swindle victims
By Mary Papenfuss,  Newser Staff
Posted Apr 8, 2009 4:43 AM CDT
Madoff Victims Trustee Eyes Brother's Bucks
Long Island plaintiff Andrew Ross Samuels attends a hearing in a Long Island court last week as part of his suit against Peter Madoff.   (AP Photo/ Louis Lanzano, POOL)

A federal court official may seek to claw back any funds transferred by Bernard Madoff's swindle company to his brother, reports the New York Post. The new focus on Madoff's sibling, an officer in his firm, was revealed in a letter to an attorney representing a New York law student. The student lost his $500,000 inheritance to investments in Madoff's ersatz hedge fund made by Peter Madoff. The court trustee is seeking Peter's money to compensate Madoff victims.
(More Bernard Madoff stories.)

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