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Madoff trustee now seeks $255 million from family

Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch's Ponzi scheme and must return the benefits to victims.

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Found more than 1 month ago on channel Reuters

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Merkin settles Madoff-related suit with New York

NEW YORK - Money manager Ezra Merkin has agreed to pay $410 million to settle a lawsuit brought by the New York attorney general that accused Merkin of steering client money to Ponzi schemer Bernard Madoff, a person familiar with the settlement said on Sunday.

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Found more than 1 month ago on channel Reuters