Law Student’s Trust Fund Started by Bernard Madoff and Wife

March 30, 2009

Court records show that Bernard L. Madoff and his wife donated the seed money to a trust fund for a Brooklyn Law School student who is now suing Madoff's brother for allegedly depleting the fund by paying other investors in a massive Wall Street Ponzi scheme. According to attorney Steven Schlesinger, his client did not know the initial source of the trust until after news of the Ponzi scheme surfaced, but the suit is going forward.