Billions more sought from bank in Madoff case

June 24, 2011 - 9:00 PM

NEW YORK (AP) โ€” A trustee appointed by a New York court to recover money for victims of Bernard Madoff's massive fraud is now seeking billions of dollars more from J.P. Morgan Chase, a bank the disgraced financier often used.

Irving H. Picard announced that an amended complaint was filed in federal court in Manhattan seeking at least $19 billion in damages from the bank. The trustee had initially sought $6.4 billion.

Lawyers for the trustee said in a statement Friday that the newly filed complaint adds evidence and detail to previous allegations that the bank knew about the fraud.

A spokeswoman for J.P. Morgan Chase did not immediately respond to a request for comment Friday.

The bank has previously accused the trustee of "blatantly distorting" its role.

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Online:

Trustee's court filings http://bit.ly/mc1pYe