Madoff Brother Gets $10K Monthly Allowance: Judge

Law360, New York (April 3, 2009, 12:00 AM EDT) -- A New York state judge has reportedly agreed to allow Peter Madoff, the brother of Bernard Madoff, to access $10,000 a month for living expenses as part of an agreement in a lawsuit accusing him of defrauding a college student of almost $500,000.

In an approval signed Friday in the Supreme Court of the State of New York, Nassau County, Judge Stephen Bucaria gave the green light for Madoff to access the cash, more than a week after he had issued a temporary restraining order freezing...
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