US judge orders deposition of Bernard Madoff

By REUTERS
April 8, 2016 23:26

Bernard Madoff must submit to a deposition by lawyers for some former customers who lost money when the imprisoned swindler's firm collapsed in December 2008, a judge ordered on Friday.

US Bankruptcy Judge Stuart Bernstein in Manhattan set strict limits on what Madoff can be asked.


He restricted questions to the meaning of more than 91,000 transactions recorded as "profit withdrawal" on the books of the former Bernard L. Madoff Investment Securities LLC.


The judge also said whatever Madoff says can be used only in litigation over the profit withdrawal issue, and that Madoff must be instructed in advance not to wander off topic.


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