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...
The next chapter has begun in the downfall of the Madoff family criminal enterprises.