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Madoff, In re--Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLC

Madoff, In re--Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLC

Ruling
Trustee was entitled to avoid and recover fictitious profits received by a partnership onaccount of its investment in the Madoff Ponzi scheme as the property was "customer property"prior to the transfer. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable

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Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 09, 2022 , LexisNexis #0522-019