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Madoff Trustee Can Seek $50 Million Received From Ponzi Scheme

Bernard Madoff is escorted into federal court in New York on Thursday, March 12, 2009. The trustee recovering losses from Madoff’s historic Ponzi scheme can pursue $49.5 million from two companies and their owners for receiving fictitious profits, a bankruptcy judge ruled.

Photographer: Jin Lee/Bloomberg

Oct. 28, 2021, 6:23 PM

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