A trustee overseeing the liquidation of disgraced finanier Bernard Madoff's assets has sold a trading operation within his firm that was considered legitimate . A trustee spokesman conifired the sale of the market-making division managed by Madoff's brother and two sons .
Details about the buyer and price of the the purschase were not immediately available .
Liquidating assets to cover claims , the court -appoineted trustee has been liquidating Madoff's business assets -including works of art in his Manhattan office , to cover claims brought by victims of his massive Ponzi scheme .
The 70year old Madoff pleaded guilty earlier this month to fraud and other cgarges .
Madoff told a judge that unlike his secretive investment advisory business the trading was " legitimate in all respects " .
No comments:
Post a Comment