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Ponzi Victims Seek to Query Madoff Before It’s Too Late

Four people claiming they lost their life savings to Bernard Madoff’s $17 billion Ponzi scheme asked a Delaware court to order the jailed 76-year-old investment manager to submit to formal questioning so his testimony can be preserved before he dies. Madoff’s sworn account of the swindle may help them recover proceeds from affiliates of a “primary beneficiary” of the fraud, the late Jeffry Picower, as well as others, Susanne Stone Marshall, Adele Fox, Marsha Peshkin and Russell Oasis said in papers made public today in federal court in Wilmington. More on Bloomberg here.

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