Victims of Bernie Madoff's Ponzi scheme are seeking millions of dollars in damages from his family, including his son's widow.
The Times reports Irving Picard, the trustee in charge of recouping the money, has so far got back $11.5bn of the $17.5bn lost by investors. Madoff is currently service 150 years in jail for securities fraud.
The report said trustees are now seeking to recover a further $255m from the Madoff family, who are accused os using the Madoff securities firm as a "family piggy bank".
Picard wants $44.8m from Madoff's wife Ruth, as well as $27.5m from Stephanie Mack, the widow of Mark Madoff, one of Bernie Madoff's sons. He committed suicide two years ago.
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Advisers and providers gathered at the Grand Connaught Rooms in London on 20 November to celebrate the ingenuity and the graft displayed in the protected product arena throughout the last 12 months. These awards are growing in popularity every year, and our congratulations go to the winners and highly commended.
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