he U.S. Attorneys Office in New York, which prosecuted the case, said the losses of Madoffs 2,336 victims exceeded $13 billion. Earlier this month, Irving Picard. the trustee appointed to liquidate the Madoff investment business. filed a lawsuit against Madoffs brother. Peter Madoff. and three other family me

hat he can claw back billions in Ponzi scheme proceeds transferred between foreign parties: According to Law360, "In briefs filed Wednesday, trustee Irving Picard and the federal Securities Investor Protection Corporation — which had applied to liquidate Madoffs firm and had been a party to the lower court ca

in wrongdoing, the doctrine of in pari delicto has been used successfully to bar claims brought by liquidators against third parties. For example, Irving Picard, the trustee for Bernard L. Madoff Inv. Securities ("BLMIS"), brought claims on behalf of BLMIS against various third parties-allegedly aiding and a

e U.S. Attorney's Office in New York, which prosecuted the case, said the losses of Madoffs 2,336 victims exceeded $13 billion. Earlier this month, Irving Picard, the trustee appointed to liquidate the Madoff investment business, filed a lawsuit against Madoffs brother, Peter Madoff, and three other family me

e U.S. Attorney's Office in New York, which prosecuted the case, said the losses of Madoffs 2,336 victims exceeded $13 billion. Earlier this month, Irving Picard, the trustee appointed to liquidate the Madoff investment business, filed a lawsuit against Madoffs brother, Peter Madoff, and three other family me

e U.S. Attorney's Office in New York, which prosecuted the case, said the losses of Madoffs 2,336 victims exceeded $13 billion. Earlier this month, Irving Picard, the trustee appointed to liquidate the Madoff investment business, filed a lawsuit against Madoffs brother, Peter Madoff, and three other family me