BUSINESS
02/22/2009 05:12 am ET Updated May 25, 2011

Trustee Wants To Ditch Madoff's Fleet Of Luxury Autos

Call it the Bernard L. Madoff Collection of Fine Cars.

The trustee overseeing the liquidation of Mr. Madoff's brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented. "Given the nature of this liquidation proceeding, the vehicles are of no use or value" to Madoff's creditors, according to a motion filed Federal Bankruptcy Court by the trustee, Irving Picard.

Read more on New York Times