Come to find out, Bernard Madoff’s brother functioned as the Ponzi afficianado’s compliance officer at his investment company. Um, yeah. Isn’t that some sort of oxymoron? That’s what court-appointed trustee Irving Picard is asking. He’s suing Madoff’s brother, two sons, and niece – all leading employees with the company- for nearly $2 million. Picard’s attorneys claim the family members/employees shirked their duties. Plus, they supposedly fueled their lavish lifestyles on the company dime. Check the story at Investment News. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091005/FREE/910059997/1022/ONLINENEWS
