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Madoff Trustee’s Actions to Be Probed by GAO, Lawmaker Says

The actions of the trustee overseeing the liquidation of Bernard Madoff’s firm will be investigated by the U.S. Government Accountability Office, said U.S. Representative Scott Garrett, who requested the probe.

The GAO agreed to conduct “a comprehensive evaluation” of the activities of the trustee, New York lawyer Irving Picard, as well as the Securities Investor Protection Corp. and the Securities and Exchange Commission in connection with the Bernard L. Madoff Investment Securities LLC liquidation, said the New Jersey Republican in a statement on his website today.