The trustee working to recover money for victims fleeced by disgraced former Nasdaq chief Bernard Madoff says he has filed 40 lawsuits against his relatives and former employees.

BERNARD MADOFF’S success in the world of investments marked him out as an embodiment of the financial boom.

THE US trustee handling the liquidation of the business of alleged $65 billion (e50bn) fraudster Bernard Madoff has told the High Court he has decided not to participate “at this stage” in court proceedings here.

Banking giant Santander’s clients had more than £2bn (€2.23bn) in disgraced Wall Street supremo Bernard Madoff’s investment funds, it emerged today.