Peter Madoff's $235,000 Company Car

Trustees of Bernie's U.K. firm want to seize his brother's vintage Aston Martin.

ByABC News
April 13, 2009, 4:05 PM

April 16, 2009— -- The brother of convicted Ponzi schemer Bernard Madoff wheels around Palm Beach in a vintage Aston Martin worth more than $235,000, paid for by Madoff Securities, according to court documents filed by London-based bankruptcy trustees.

The Joint Provisional Liquidators of Madoff Securities International Limited, Madoff's London based company, filed for bankruptcy in Florida and are attempting to seize some assets of Peter Madoff, including the vintage Aston Martin.

The liquidators allege Peter Madoff "is personally in receipt of assets that may have been fraudulently transferred to him by MSIL or may otherwise be recoverable by MSIL," according to the documents filed in the United States Bankruptcy Court in the Southern District of Florida this week.

The liquidators received recognition in the court that enables them to pursue Peter Madoff's assets and any documents and information related to the liquidation of MSIL, according to the judge's ruling.

"We are grateful for the recognition and assistance of the U.S. courts," Steve Akers, a provisional liquidator of MSIL, said in a paper statement.

One asset in question is a vintage Aston Martin worth $237,600, according to the court documents.

In the filing the liquidators claim "in March and May 2008, Bernard Madoff caused wire transfers from MSIL accounts to be made to the Aston Martin company in the amounts of £35,000 and £100,000, respectively, for a total of £135,000 ($237,600), in order to enable the purchase of a vintage Aston Martin automobile, model number DB2/4 1964 … for Mr. Madoff's brother Peter Madoff."

The dollar amount is based on the approximate exchange rate at the time of the transactions, according to the documents.

ABC News Live

ABC News Live

24/7 coverage of breaking news and live events

In the filing the liquidators claim \"in March and May 2008, Bernard Madoff caused wire transfers from MSIL accounts to be made to the Aston Martin company in the amounts of £35,000 and £100,000, respectively, for a total of £135,000 ($237,600), in order to enable the purchase of a vintage Aston Martin automobile, model number DB2/4 1964 … for Mr. Madoff's brother Peter Madoff.\"

The dollar amount is based on the approximate exchange rate at the time of the transactions, according to the documents.

","publishedDate":"2009-04-13T20:05:37Z","contributors":[{"name":"ABC News","url":"","role":"","logo":"","logoAlt":""}],"modifiedDate":"2009-04-16T17:04:07Z","section":"Blotter","wordCount":271,"relatedTags":{"heading":"Related Topics","tags":[]},"lead":{"ratio":"16x9","disableForMobile":false,"type":"xl","mediaType":"image","alignCaptionToBody":true},"ads":{"Sticky":{"kvps":{"test":true}},"RightRail":{"kvps":{"test":true}},"InlineBox":{},"InlineOutstream":{"disabled":false},"Taboola":{"position":"bottom","pageType":"article","config":{"network":"abcnews-abcnews","mode":"thumbnails-a","container":"taboola-below-article-thumbnails","type":"article","targetType":"mix","placement":"Below Article Thumbnails"}}},"featuredVideo":null,"dateline":"April 16, 2009—","seo":{},"LivePromotion":{}},"autoUpdate":{"enabled":false,"topics":["general-elections-2020-balance-of-power"]}},"upw":{"balanceOfPower":{"electoral":{"header":"Biden Projected to be President-Elect","candidates":{"democrats":{"id":1036,"displayName":"Joe Biden","shortDisplayName":"J. Biden","firstName":"Joe","lastName":"Biden","party":"democrats","major":true,"incumbent":false,"winner":true,"votes":306},"republicans":{"id":8639,"displayName":"Donald Trump","shortDisplayName":"D. Trump","firstName":"Donald","lastName":"Trump","party":"republicans","major":true,"incumbent":true,"winner":false,"votes":232},"other":{"displayName":"Other","votes":0}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"electoral","votes":{"democrats":{"available":{},"total":306,"difference":{},"popular":{"displayValue":"81,283,098","value":81283098}},"republicans":{"available":{},"total":232,"difference":{},"popular":{"displayValue":"74,222,958","value":74222958}},"other":{"available":{},"total":0,"popular":{}},"total":538},"needed":{"displayText":"270 to win","displayValue":"270","value":270},"lastUpdated":{"value":"2020-12-18T21:15:13.850Z","displayValue":"December 18, 4:15:13PM ET"},"reporting":"99% of Expected Vote Reporting"},"senate":{"header":"Senate Seat Results","candidates":{"democrats":{"displayName":"Democrats","icon":"party-democrats","votes":46,"winner":false},"republicans":{"displayName":"Republicans","icon":"party-republicans","votes":50,"winner":false},"other":{"displayName":"Other","votes":2}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"senate","votes":{"democrats":{"available":{"displayText":"12 Democrats up for election","shortDisplayText":"12 Dems. up for election","displayValue":"12","value":12},"total":46,"difference":{"displayText":"Gained 1 seat","displayValue":"1","value":1},"popular":{}},"republicans":{"available":{"displayText":"23 Republicans up for election","shortDisplayText":"23 Reps. up for election","displayValue":"23","value":23},"total":50,"difference":{"displayText":"Lost 1 seat","displayValue":"-1","value":-1},"popular":{}},"other":{"available":{"displayText":"0 Others up for election","shortDisplayText":"0 Others up for election","displayValue":"0","value":0},"total":2,"popular":{}},"total":100},"needed":{"displayText":"51 for control","displayValue":"51","value":51},"lastUpdated":{"value":"2020-12-17T18:22:05.390Z","displayValue":"December 17, 1:22:05PM ET"}},"house":{"header":"House Results: Dems Retain Control","candidates":{"democrats":{"displayName":"Democrats","icon":"party-democrats","votes":222,"winner":true},"republicans":{"displayName":"Republicans","icon":"party-republicans","votes":210,"winner":false},"other":{"displayName":"Other","votes":0}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"house","votes":{"democrats":{"available":{"displayText":"233 Democrats up for election","shortDisplayText":"233 Dems. up for election","displayValue":"233","value":233},"total":222,"difference":{"displayText":"Lost 10 seats","displayValue":"-10","value":-10},"popular":{}},"republicans":{"available":{"displayText":"201 Republicans up for election","shortDisplayText":"201 Reps. up for election","displayValue":"201","value":201},"total":210,"difference":{"displayText":"Gained 10 seats","displayValue":"10","value":10},"popular":{}},"other":{"available":{"displayText":"1 Others up for election","shortDisplayText":"1 Others up for election","displayValue":"1","value":1},"total":0,"popular":{}},"total":435},"needed":{"displayText":"218 for control","displayValue":"218","value":218},"lastUpdated":{"value":"2020-12-17T18:22:02.900Z","displayValue":"December 17, 1:22:02PM ET"}},"lastUpdated":{"value":"2020-12-18T21:15:13.850Z","displayValue":"December 18, 4:15:13PM ET"},"autoUpdate":{"enabled":false,"topics":["general-elections-2020-balance-of-power"]},"electionsConfig":{}},"types":["electoral","senate","house"]}},"analytics":{"accountID":"wdgnewabcnews,wdgasec,wdgnewabcnweb,wdgnewabcnewsrollup","ns":"abcnews","pageName":"abcn:blotter:story","pageType":"story","pageUrl":"abcnews.go.com/Blotter/story?id=7351964&page=1&userab=abcn_web_article_ts-218*variant_b-819","globalSpecVersion":"v1.08","siteDifferentiator":"abcn:site","tagID":"apage_news01","userABCookie":"abcn_web_article_ts-218*variant_b-819","alertTag":"none","authors":"ABC News","authorsBureau":"none","authorsUnit":"none","dateline":"April 16, 2009—","id":"7351964","modDate":"2009-04-16","mediaOnPage":"none","modTime":"13:04","provider":"ABC News","pubDate":"2009-04-13","pubTime":"16:05","section":"Blotter","subBrand":"none","title":"Peter Madoff's $235,000 Company Car","videoId":"none","videoName":"none","wordCount":271},"taboola":{"config":{"network":"abcnews-abcnews","mode":"thumbnails-a","type":"other","targetType":"mix","placement":null,"pageTypeOverrides":{"story":{"mode":"thumbnails-a","type":"article","targetType":"mix","placement":"Below Article Thumbnails"},"home":{"mode":"thumbnails-b","container":"taboola-homepage-thumbnails","type":"home","targetType":"mix","placement":"Homepage Thumbnails"},"section":{"mode":"thumbnails-b","type":"category","targetType":"mix","placement":"Section Front Thumbnails"},"liveBlog":{"mode":"thumbnails-d","type":"other","targetType":"mix","placement":"Blog"}}}}},"request":{"headers":{},"httpVersion":"1.1","method":"GET","url":"/Blotter/story?id=7351964&page=1&userab=abcn_web_article_ts-218*variant_b-819","vary":{"host":"abcnews.go.com","cached":true,"path":"/Blotter/story","forwarded-proto":"https","device":"desktop","country":"us","userab":"abcn_web_article_ts-218*variant_b-819","region":"gdpr"}},"viewport":{"width":1260,"height":0},"user":{}};