Madoff Trustee Seeks $61M In Cornerstone Clawback Suit

Law360, New York (February 6, 2012, 4:32 PM EST) -- The liquidating trustee for Bernard L. Madoff's assets filed an amended complaint Friday against investor Cornerstone Capital (Del) Inc. and its president seeking to claw back $61 million that the trustee says was bogus profit from the Ponzi scheme.

According to trustee Irving Picard, Cornerstone, David Pulver and his wife received $61.7 in fictitious profits from their investments in Bernard L. Madoff Investment Securities LLC and were either aware or should have been aware that fraud was going on and the money they were receiving belonged...
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