Madoff trustee sues 43 new defendants

* Picard adds defendants to feeder fund case

* Madoff imprisoned for estimated $65 billion Ponzi scheme

NEW YORK, July 21 (BestGrowthStock) – The trustee overseeing the
liquidation of Bernard Madoff’s financial advisory firm has
sued 43 new defendants affiliated with a hedge fund firm that
fed money to the now-imprisoned Ponzi schemer.

Irving Picard, the trustee, said the new defendants include
24 affiliates of Fairfield Greenwich Group, and 19 “individual
partners and principal wrongdoers” within the hedge fund firm
who received hundreds of millions of dollars “for orchestrating
Fairfield Greenwich Group’s extraordinary role in the scheme.”

Picard is trying to recover money for victims of Madoff’s
estimated $65 billion Ponzi scheme. He filed his amended
complaint on Tuesday evening with the U.S. bankruptcy court in
Manhattan.

Madoff, 72, is serving a 150-year sentence in a North
Carolina federal prison.

The case is Picard v. Fairfield Sentry Ltd et al, U.S.
Bankruptcy Court, Southern District of New York, No. 09-01239.

Stock Trading

(Reporting by Jonathan Stempel, editing by Gerald E.
McCormick)

Madoff trustee sues 43 new defendants