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Madoff family faces new $255.3M claw-back suit

Irving Picard, the trustee seeking money for victims

Irving Picard, the trustee seeking money for victims of Bernard Madoff's Ponzi scheme, has filed an expanded suit against Madoff family members, including wives and ex-wives. Picard said Monday that family members who worked at Bernard L. Madoff Investment Securities Llc were "completely derelict" in ensuring that the investment firm's operations were legal. This photo of Madoff was taken Dec. 30, 1999 in his Manhattan trading floor. Photo Credit: AP, 1999

Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims.

Irving Picard, the trustee seeking money for Madoff's victims, said family members who worked at Bernard L. Madoff Investment Securities Llc were "completely derelict" in ensuring that the investment firm's...

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