Madoff trustee files lawsuits worth $20bn

BBC News - Madoff trustee files lawsuits worth $20bn: "trustee charged with recovering funds for the victims of Bernard Madoff's multi-billion dollar fraud scheme has filed lawsuits seeking nearly $20bn (£12.6bn) in damages.
Irving Picard has charged nearly 60 people, including a key shareholder in Austria's Medici Bank.
Mr Picard accused Sonja Kohn of 'masterminding an illegal scheme' to help Madoff defraud investors.
Earlier this week, Mr Picard sued HSBC bank for $9bn."

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