7city CFA

SEC's Top Lawyer Sued in Madoff Case

Posted At : February 23, 2011 11:56 PM | Posted By : Iris Mack
Related Categories: Ponzi Scheme
The SEC moved to quash speculation that its top lawyer David Becker decided to step down because he is being sued as part of a "clawback" lawsuit by the trustee seeking to recover assets on behalf of victims of Bernard Madoff's fraud.

A lawsuit seeks to recover assets from the estate of Mr. Becker's mother, which allegedly received $1.54 million in fictitious profits from Mr. Madoff's firm.

Please read more here.

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