Brits Hit Court to Battle Yanks for Madoff Assets

UK liquidators have already seized $235K Aston Martin
By Jason Farago,  Newser Staff
Posted Jun 8, 2009 5:51 AM CDT
Brits Hit Court to Battle Yanks for Madoff Assets
A trustee has dug up credit card bills and other personal records he says show that the disgraced financier Bernard Madoff and his family were feasting off investors' money.   (AP Photo/David Karp, file)

The Madoff liquidators are turning on each other, reports the Times of London. The trustees handling the London arm of the Ponzi schemer's imploded business recently seized several American assets, including a $235,000 vintage Aston Martin, that were acquired with London money. UK liquidators will argue tomorrow in a New York court for the continued right to do so; they face US trustee Irving Picard and dozens of Madoff victims who want asset seizures left to Picard, regardless of where they are.
(Read more Bernard Madoff stories.)

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