Bid to recover Madoff money

THE New York trustee appointed to recover money jailed financier Bernard Madoff stole from investors sued three entities where he said more than $30 million (€23m) in Madoff family money was tucked away.

Trustee Irving Picard identified the money in three lawsuits filed in US federal court.

Picard accused Madoff family members, including his sons, of funding lavish lifestyles with close to $200m (€153m) stolen from thousands of customers of Madoff’s private investment service.

The 72-year-old Madoff is serving a 150-year prison sentence.