SEC's Top Lawyer Faces Madoff Clawback Suit

Law360, New York (February 23, 2011, 3:49 PM EST) -- The bankruptcy trustee for Bernard L. Madoff’s investment company is going after the U.S. Securities and Exchange Commission’s top lawyer in a clawback suit alleging his mother’s estate earned more than $1.5 million from the jailed fraudster's massive Ponzi scheme.

Trustee Irving Picard claims SEC General Counsel David Becker, along with his brothers William and Daniel Becker, received more than $2 million in payments from Madoff’s company through the estate of their late mother, according to a complaint filed in December in the U.S. Bankruptcy Court...
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