Madoff Bankruptcy Trustee Files Amended Suit Against Sons

The bankruptcy trustee for Bernard L. Madoff’s investment firm filed an amended lawsuit against Mr. Madoff’s two sons on Tuesday, again claiming they were aware the operation was a fraud and seeking the return of more than $153 million they took in the form of what are described as inflated salaries, bonuses, sham loans and fabricated trading profits. After Mr. Madoff confessed the fraud to his sons in 2008, they contacted law-enforcement officials and turned him in. They weren’t criminally charged, but said they were owed tens of millions of dollars in deferred compensation by the brokerage firm, where they worked as senior executives. Mark Madoff claimed he was owed about $45 million and Andrew claimed more than $40 million, according to the suit by the bankruptcy trustee, Irving Picard. More in the Wall Street Journal here.