Bloomberg: Bridgeport Superior Court Judge Arthur Hiller freezes Madoff family assets

The next chapter has begun in the downfall of the Madoff family criminal enterprises.
Madoff, Relatives, Feeder Funds Have Assets Frozen
By Patricia Hurtado and Edvard Pettersson

March 31 (Bloomberg) -- A Connecticut judge froze the assets of Bernard Madoff, his wife Ruth, his sons and brother Peter as well as so-called feeder funds including Fairfield Greenwich Group, said a lawyer who obtained the order.

A state judge in Bridgeport yesterday granted a freeze at the request of the town of Fairfield’s pension fund and its 1,500 members, David Golub, a lawyer for the fund, said in a phone interview today. The town’s initial $22 million investment with Madoff through Maxam Capital grew to $42 million, he said...more...

No comments: