SEC Wants Default Judgment Against Madoff Brother

Law360, New York (June 10, 2013, 5:50 PM EDT) -- The U.S. Securities Exchange Commission asked a New York federal judge on Monday to enter default judgment against Bernard Madoff's brother Peter Madoff to bar him from committing future fraud, the latest development in the fallout from the decades-long Ponzi scheme for which he is serving a 10-year prison sentence.

The agency is seeking default judgment against Peter Madoff, who has not responded to the SEC's June 2012 complaint, in a sister suit to criminal proceedings that concluded in December with the decadelong prison sentence and...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Madoff

Case Number



New York Southern

Nature of Suit



Laura Taylor Swain

Date Filed

June 29, 2012

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.