Judge consolidates Madoff bankruptcy cases

By Tom Hays

Associated Press

NEW YORK — A federal judge has consolidated two bankruptcy cases involving Bernard Madoff’s business and personal assets.

The decision Tuesday by U.S. Bankruptcy Judge Burton Lifland is expected to streamline a process to sell assets and pay back thousands of swindled investors.

The trustee handling the liquidation of Madoff’s business has said he has recovered roughly $1 billion so far. The disgraced financier’s personal property includes homes in Manhattan, Florida and France, a yacht and two fishing boats.


Madoff pleaded guilty in March to charges his investment advisory operation was a multibillion dollar Ponzi scheme. He awaits sentencing.

What To Read Next
Fundraising is underway to move the giant ball of twine from the Highland, Wisconsin, home of creator James Frank Kotera, who died last month at age 75, 44 years after starting the big ball.
Caitlin and Jason Keck’s two-year term on the American Farm Bureau Federation committee begins next month.
The Minnesota Public Utilities Commission met on Jan. 5, 2023, to consider the application for Summit Carbon Solutions.
Qualified Minnesota farmers will receive dollar-for-dollar matching money to purchase farmland.