Madoff trustee files fresh suit
ATHE trustee overseeing the liquidation of Bernard Madoff’s financial advisory firm has sued 43 new defendants affiliated with a hedge fund firm that fed money to the now-imprisoned swindler.
The trustee is seeking more than $3.6bn (£2.4bn) of damages in the lawsuit. Walter Noel, a co-founder of Fairfield Greenwich Group, was among those added to the year-old lawsuit in a 217-page amended complaint by Irving Picard, the court-appointed trustee trying to recover money for victims of Madoff’s estimated $65bn Ponzi scheme.