Tuesday, November 30, 2010

Madoff Trustee Seeking Aston Martin, Yacht, More London Assets

A U.S. court-appointed trustee liquidating Bernard Madoff’s operations is seeking to recoup assets of the con man’s U.K. unit, including an Aston Martin and a yacht.

New York attorney Irving Picard, who is overseeing the liquidation of Bernard L. Madoff Investment Securities LLC, agreed with Grant Thornton LLP, the liquidators of Madoff’s London unit, to coordinate on lawsuits in the U.K., according to court papers filed yesterday in New York. Journalists weren’t allowed into a hearing today at a London court in the liquidation of the U.K. unit.

Found on Bloomberg

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