Irving Picard, trustee for the victims of the Madoff fraud, has a new target – other Madoff clients.
Picard has filed lawsuits against hundreds of defendants saying they profited from Madoff’s giant Ponzi scheme, withdrawing more than they invested, CNN reported. He’s seeking damages on behalf of those who lost money on their investments.
Some of those he is suing had no idea Madoff was a…
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Some Madoff Victims Pursued by Trustee for Damages originally appeared on DailyFinance on Tue, 07 Dec 2010 06:42:00.