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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