Madoff Investors Seek Status To Access Victim Funds

Law360, New York (October 17, 2011, 4:10 PM EDT) -- Investors in 16 funds that funneled money into Bernard L. Madoff's massive Ponzi scheme asked a New York federal court on Friday to reverse a bankruptcy court's ruling that found them ineligible to receive money recovered for the imprisoned fraudster's victims.

The investors filed a brief urging the court to overturn U.S. Bankruptcy Judge Burton Lifland's ruling that because they didn’t directly hold accounts with Bernard L. Madoff Investment Securities LLC, they could not access the money recovered for Madoff's customers by Madoff bankruptcy trustee Irving...
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