Apr 4th, 2009 - NY Daily News
Convicted swindler Bernard Madoff's brother may spend up to $10,000 a month for living expenses, but the bulk of his fortune will remain frozen, under a deal reached Friday.
The agreement comes as part of a civil suit filed by 22-year-old Andrew Ross Samuels, who accused Peter Madoff of taking nearly $500,000 in his trust fund money and investing it in brother Bernard's Ponzi scheme.
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MINEOLA, N.Y. — Bernard Madoff's brother Peter gets access to $10,000 a month for living expenses under an agreement approved Friday in a lawsuit accusing him of swindling a college student.
Related videos from YouTube:
1:45Enter Bernie's brother Peter Madoff, pursued by Lautenberg
$15.4 million sought by the foundation of Sen. Frank Lautenberg from Peter Madoff in connection with the Bernard Madoff scam
2:45Madoff Scandal: Is His Brother Next?
Peter Madoff was responsible for certifying the legitimacy of the transactions. For more on this story go to abcnews.go.com
2:41Bernie Madeoff Defended by Brother Peter
Wouldn't you defend your brother? Especially if your butt was on the line? Sure you would. Well, here comes Peter to the defense of brother Bernie. What a nice brother, and a rich one as well. Hey Bernie, Peter is in your apartment.
2:20Ruth Madoff's Statement After Husband Bernard Madoff Sentenced To 150 Yrs
Ruth Madoff issued this statement after husband Bernie was sentenced to 150 years in prison for fraud. Neither she, nor their two sons, nor Bernie's brother Peter attended the sentencing hearing ...
