The trustee for the victims of Ponzi scheme fraudster Bernard Madoff has filed an $80m case in London's High Court of Justice against the swindler's UK operations.
Irving H. Picard filed the complaint jointly with Stephen J. Akers, liquidator of Madoff Securities International Ltd. (MSIL) against all of the former directors of MSIL, including Madoff's brother, Peter, and sons Mark and Andrew, among former company directors. The $80m complaint includes personal claims brought against company directors and officers for breaching their duties to MSIL by making fraudulent payments to various Madoff-related entities. These include payments for luxury goods and services enjoyed by Madoff and his family, including a yacht, a home in the south of France...
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