By Vince Sullivan (March 7, 2022, 8:13 PM EST) — The trustee overseeing the liquidation of the funds used by Bernie Madoff to fleece investors out of billions told a New York federal judge Monday that a recent ruling from the Second Circuit should revive his case to claw back $265 million from financial institutions that benefited from Madoff’s Ponzi scheme.
In a brief filed by Irving H. Picard in his capacity as the trustee in the liquidation proceedings of Bernard L. Madoff Investment Securities LLC, he said his suit against ABN Amro Bank Ltd. claiming it received $265 million in fraudulent profits from Madoff’s scheme should be reinstated at the…
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