Madoff Trustee Sues Atlantic Security Bank for $120 Million
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The trustee overseeing the liquidation of Bernard L. Madoff’s firm sued Atlantic Security Bank, one of at least four suits filed today demanding almost $190 million for the con man’s investors.
The $120 million suit against the bank is one of several filed by Irving Picard in recent months to recoup what he said is “customer property” from companies that invested with Fairfield Sentry Ltd., a so-called feeder fund that placed money in the con man’s Ponzi scheme.