New lawsuits likely against some Madoff investors

25 July 2010, 9:58 pm

HONG KONG (MarketWatch) -- A court-appointed trustee recovering money for Bernard Madoff's victims is preparing a fresh wave of lawsuits to wrest funds from some of his investors who withdrew more than the principal they invested in the Ponzi scheme, The Wall Street Journal reported Monday. Irving Picard, empowered under federal bankruptcy provisions to pursue money withdrawn from Bernard L ...... Read More »

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