Madoff agrees to give up property, art, tickets

March 3, 2009 18:24

Bernard Madoff agreed to give up rights to his business, along with the company's artwork and entertainment tickets, in a New York court document filed late Monday. The trustee for the liquidation of Bernard L. Madoff Investment Securities LLC asked a federal judge to let him take over the assets to benefit its customers. A criminal complaint charges Madoff with securities fraud, squandering more than $50 billion. The trustee told a judge that Madoff would voluntarily give up all ownership rights to his business, as well as rights to three pieces of business real estate.

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