Madoff trustee files $200M suit against Bernie's kin over 'family piggy bank'


When Bernie Madoff, the master Ponzi schemer, was sentenced to 150 years in the slammer, many of his victims felt some measure of justice had been served. But others were furious that members of Madoff's family appeared to have tap-danced away with millions in the months leading up to their patriarch's arrest.

Now Irving Picard, the court-appointed trustee, has filed a $199-million lawsuit against the disgraced financier's sons Andrew and Mark, his brother Peter, and his niece Shana, alleging that they benefited from Madoff's epic $60-billion fraud by using his investment firm as a "family piggy bank" to fund their lavish lifestyles.