Madoff brother agreed to US asset freeze in Dec.

[sabra]

Source: Reuters

NEW YORK, March 31 (Reuters) - Peter Madoff, the brother of jailed swindler Bernard Madoff and an executive in his firm, agreed with U.S. authorities in December to freeze his assets, a court was told on Tuesday.

The disclosure was made in a New York State appeals court, said Steven Schlesinger, lawyer for a student who won a court order on March 25 temporarily freezing Peter Madoff's assets in a lawsuit over $478,000 in inheritance money said to have been lost in the massive Madoff fraud .

A judge on Tuesday denied an appeal by Peter Madoff's lawyers to lift the freeze. Lawyers for Madoff could not immediately be reached for comment.

Schlesinger said he was shown a U.S. Justice Department order freezing Peter Madoff's assets and dated Dec. 24, nearly two weeks after Bernard Madoff's Dec. 12 arrest. Under the agreement, Peter Madoff, 63, was allowed $10,000 a month to make mortgage payments and for other expenses.

Read more: http://www.reuters.com/article/managementIssues/idUSN3142719820090331

[Atman]

1. This fucking criminal was allowed to KEEP $10,000 a month???!

He should move into a fucking Motel 6, like some of he and his brother's victims might well have to do.

:mad:

.

[rollingrock]

3. Who says crime doesn't pay?

[Seedersandleechers]

2. Hopefully massive civil law suits will

bring his bother where he should be - motels that rent by the week.