07/16/2009 05:12 am ET | Updated May 25, 2011

Madoff Victims Sue Trustee Picard: Read The Complaint (VIDEO)

The NY post reports that three victims of Bernie Madoff are seeking millions in damages from Irving Picard, the trustee in charge of dismantling the Madoff investment scandal. The three investors claim that Picard is "cold and calculating" and that he strong-armed them into taking less money than they deserved. The victims, Maureen Ebel, and Roger and Diane Peskin, are adamant that they are getting shortchanged.

Earlier this year, Vanity Fair spoke to several Madoff vicitms, including Maureen Ebel. Ebel begins the below video by saying that she's now "penniless," and adds that Madoff once called her and said, "Maureen, all of your investment worries are over."


Check out the original complaint filed by Ebel and the Peskins, which includes some strong attacks against Picard:

"Plaintiffs were defrauded by Madoff, prepetition, out of their life savings.
Now, they are being victimized postpetition by Picard who is improperly acting to protect
the brokerage industry represented by SIPC at plaintiffs' expense"

READ the lawsuit documents below:

061109madoffcomplaint -

Read the full story of the Madoff victims' suit at the NY Post.

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