In this "Asset Search News Roundup", I mention that 90 tax information exchange agreements have been executed since April and talk about the $198 million dollar lawsuit filed last Friday:

  • The $198 million dollar lawsuit referred to at my last "Asset Search News Roundup", (against Bernard Madoff’s brother, two sons and a niece), is reproduced below. This lawsuit was commenced by Madoff trustee Irving Picard to recover assets which may have been dissipated during Bernard Madoff’s Ponzi scheme. It was filed last Friday pursuant to the Securities Investors Protection Act and other statutes, including those listed in my September 4, 2009 article about "clawback" claims in bankruptcy court.

(Click On The $198 Million Dollar Lawsuit, To View It)

Copyright 2009 Fred L. Abrams