Madoff Friends, Family in Asset Fight
Thursday, Apr 9, 2009 | Updated 12:15 PM EDT
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One last scam for Madoff.
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State regulators and disgruntled investors are going after a handful of people who got rich off Bernard Madoff's massive Ponzi scheme.
A series of court actions in recent weeks have sought to freeze the assets of several Madoff relatives and key business associates.
Judges have already issued orders temporarily barring a handful of people from selling off homes or emptying bank accounts.
The latest Madoff associate to see his assets frozen is hedge fund manager J. Ezra Merkin.
He filed court papers this week agreeing not to sell off one of the largest private collections of paintings by abstract artist Mark Rothko.
It is reportedly worth at least $91 million.
Copyright Associated Press
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