NEWARK, N.J. (AP) — A lawyer for the brother of Ponzi king Bernard Madoff says his client has been told he is a “subject” of criminal investigators probing the multibillion-dollar fraud.
Charles Spada says in court papers filed Wednesday in Newark, N.J., federal court that Manhattan federal prosecutors have said Peter Madoff is a “subject” of their wide-ranging probe.
Spada disclosed the probe as he explained why his client refused to answer questions at a deposition in a lawsuit brought by a charitable foundation of New Jersey Sen. Frank R. Lautenberg.
The foundation is seeking damages for money lost because of the fraud that Bernard Madoff revealed in December 2008.
