Fraudster Bernard Madoff’s brother, sons and niece, who were accused in a lawsuit of using the family finance business like a “piggy bank”, have agreed to an asset freeze, according to a court document.

THE death of Jeffry Picower, accused of profiting more than $7 billion (€7.7bn) from the investment schemes of his longtime friend Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys have said.

Fraudster Bernard Madoff’s brother, sons and a niece used the family finance business like a “piggy bank”, a court-appointed trustee said.

Disgraced financier Bernard Madoff will not appeal against his 150-year jail sentence for fraud.

Disgraced financier Bernard Madoff will not appeal against his 150-year jail sentence for fraud.

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.

Bernard Madoff has agreed to give up the rights to his disgraced investment business and his company's prized artwork and entertainment tickets.