The trustee seeking money for Bernard Madoff’s victims on Wednesday filed many new lawsuits to recover several hundred millions of dollars derived from investments by “feeder” funds in the imprisoned swindler’s former firm. Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie. Among the other complaints is a $122.2 million case against defendants including ABN Amro Fund Services (Isle of Man) Nominees Ltd, and a $108.1 million case against defendants including Belgian private lender Banque Degroof SA. More on Reuters here.
