Barclays Plc and five other companies were sued by the trustee liquidating the money management firm of convicted Ponzi scheme mastermind Bernard Madoff, according to court records.
Trustee Irving Picard, who is seeking to recover money transferred from Madoff’s company, sued Barclays yesterday for $67.4 million. All the transfers were derived from investment made with Bernard L. Madoff Investment Securities LLC by Fairfield Sentry, a Madoff feeder fund run by Fairfield Greenwich Group, Picard said.
The funds the trustee seeks to recover from Barclays were “transfers of customer property collectively made to the Barclays defendants,” Picard wrote in the complaint against the London-based bank.
http://www.bloomberg.com/news/2011-09-01/madoff-trustee-irving-picard-sues-barclays-for-67-4-million.html
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