Over $1B Of Madoff's Assets Accounted For: Trustee

Law360, New York (March 24, 2009, 12:00 AM EDT) -- The trustee in charge of liquidating Bernard L. Madoff's collapsed investment fund has found $75 million of Madoff's assets in an account in Gibraltar, a lawyer for the trustee said Tuesday.

The new find brings the total assets recovered from Madoff's Ponzi scheme to just over $1 billion, according to David Sheehan, who represents trustee Irving Picard in the U.S. Bankruptcy Court for the Southern District of New York.

Sheehan also said Tuesday that The French government might be trying to seize Madoff's chateau in France,...
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