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Madoff victim paybacks in ‘near future’: trustee

NEW YORK — The court-appointed trustee hunting down assets diverted by jailed fraudster Bernard Madoff has said that payments to victims could start in the “near future.” However, Irving Picard said in a conference call that legal challenges were holding up distribution of the bulk of the funds collected so…

JPMorgan sued for ‘abetting’ Madoff

NEW YORK — The trustee charged with recouping assets for victims of Wall Street fraudster Bernard Madoff said Thursday he was seeking $6.4 billion from JPMorgan Chase for supporting the scam. In a statement, Irving Picard said a suit was filed in a New York federal bankruptcy court seeking to…