Bernard Madoff's winning clients try to block victims

Investors are stashing profits that they made from Bernard Madoff’s $65 billion (£47 billion) Ponzi scheme as the trustee of the phoney funds gears up to claw back cash to compensate hard-up victims.

Lawyers report being besieged by investors seeking advice on how to protect their money from the clawback by Irving Picard, the trustee of the Madoff business. One lawyer in Manhattan, who declined to be named, said: “People are thinking about how to protect their returns. It’s something we’re getting a lot of questions about, as are other firms.”

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