Madoff trustee sues accountants for $900 million

Irving Picard filed the lawsuit late Friday against accountants Frank Avellino and Michael Bienes. Picard also named their wives, Avellino's son Thomas Avellino, and other family members as defendants.

The suit was filed hours after Picard filed a civil racketeering case accusing offshore bankers of assisting Madoff in his fraud. Taken together, the actions seem to broaden the number of accomplices Picard thinks are responsible in Madoff's decades worth of fraud, even though the financier insisted to authorities that he acted alone.

Copyright © 2020 KFSN-TV. All Rights Reserved.