BUSINESS
06/06/2009 05:12 am ET Updated May 25, 2011

Records Show How Madoff Used Firm As "Piggy Bank"

Mr. Madoff listed family members, boat captains, housekeepers and others as employees of Bernard L. Madoff Investment Securities, even though they never actually worked for the firm, newly released documents show. The convicted swindler also used his firm's money to pay for real estate, yachts, private planes and country club memberships, according to court filings by the trustee charged with liquidating the Madoff firm.

Read more on New York Times