Madoff trustee is dealt fresh legal setback

Monday, July 7, 2014
By Jonathan Stempel NEW YORK (Reuters) - A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States. In a decision on Sunday, U.S. District Judge Jed Rakoff in Manhattan said Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, cannot ...

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