Bloomberg News

Madoff Trustee Picard Sues Jewish Association for $5.2 Million

October 14, 2011

Oct. 14 (Bloomberg) -- The liquidator of Bernard L. Madoff’s firm sued the Jewish Association for Services for the Aged for $5.2 million in fictitious profit allegedly received from the Ponzi scheme.

The trustee, Irving Picard, filed the suit today in U.S. Bankruptcy Court in New York.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net


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