Madoff Brother, Sons Sued by Trustee for $199 Million

Bloomberg – 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 their personal bank.

The lawsuit against the brother, Peter Madoff, sons Andrew and Mark Madoff and niece Shana Madoff Swanson, all of whom held positions at the defunct firm, was filed yesterday by trustee Irving Picard in U.S. Bankruptcy Court in New York.

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