Ponzi King’s Family Face An Asset Freeze
Last October, the trustee in charge of recovering money for Bernard Madoff‘s victims, decided to sue Madoff’s two sons, his niece, and his brother, saying that they used the business like a “family piggy bank” and routed $198 million to spend on themselves. The four have agreed to an asset freeze until there’s an outcome to Picard’s lawsuit. Preposterous expenses paid for by the company include Andrew Madoff’s Amex “bill for clothes, boat rentals, and vacations” for $813,287 and Shana Madoff Swanson’s bill for “clothes, makeup, and travel” for $379,342.” According to their new agreement, they must all now have Picard’s permission to “run up a debt of more than $1,000, excluding legal fees, medical expenses, taxes and ‘reasonable living expenses.'”
Related Articles
FIFA Foundation USA Launches in Miami with Transformative Soccer Field Project Ahead of World Cup 2026
FIFA Foundation USA launches in Miami with a refurbished KIPP soccer field, creating lasting community impact ahead of World Cup 2026.
Full Throttle: Haute Living Celebrates Afrojack and Elettra Lamborghini at Carbone Vino
Haute Living celebrated Afrojack at Carbone Vino Miami with Lamborghini South Dade. A night that ended with an official county proclamation
Venus et Fleur Defines Luxury Baby Gifting With the Debut of the Le Petit VeF Baby Collection
Venus et Fleur unveils the Le Petit VeF Baby Collection, bringing luxury Eternity Flowers to baby gifting and nursery décor.
7 Reasons An eSIM Is A Smart Travel Essential For Australia
Discover why travelers choose an Australia eSIM for easy connectivity, maps, bookings, and seamless travel nationwide.
Dior Unveils the Diorissima Haute Joaillerie Collection in Venice
Dior presents the Diorissima Haute Joaillerie Collection in Venice, featuring 141 extraordinary creations inspired by nature, art, and craftsmanship.
PARAISO Miami Swim Week 2026 Reinforces Miami Beach as the Global Capital of Swimwear and Resort Fashion
PARAISO Miami Swim Week 2026 showcased over 100 brands, celebrity appearances, emerging designers, and luxury events across Miami Beach.
Latest Stories
Trending Articles
Related Articles
FIFA Foundation USA Launches in Miami with Transformative Soccer Field Project Ahead of World Cup 2026
FIFA Foundation USA launches in Miami with a refurbished KIPP soccer field, creating lasting community impact ahead of World Cup 2026.
Full Throttle: Haute Living Celebrates Afrojack and Elettra Lamborghini at Carbone Vino
Haute Living celebrated Afrojack at Carbone Vino Miami with Lamborghini South Dade. A night that ended with an official county proclamation
Venus et Fleur Defines Luxury Baby Gifting With the Debut of the Le Petit VeF Baby Collection
Venus et Fleur unveils the Le Petit VeF Baby Collection, bringing luxury Eternity Flowers to baby gifting and nursery décor.
7 Reasons An eSIM Is A Smart Travel Essential For Australia
Discover why travelers choose an Australia eSIM for easy connectivity, maps, bookings, and seamless travel nationwide.
Dior Unveils the Diorissima Haute Joaillerie Collection in Venice
Dior presents the Diorissima Haute Joaillerie Collection in Venice, featuring 141 extraordinary creations inspired by nature, art, and craftsmanship.
PARAISO Miami Swim Week 2026 Reinforces Miami Beach as the Global Capital of Swimwear and Resort Fashion
PARAISO Miami Swim Week 2026 showcased over 100 brands, celebrity appearances, emerging designers, and luxury events across Miami Beach.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events