U.S. Marshals Mishandled Forfeitures, Suit Says

An arm of the United States Marshals Service undervalued what could amount to untold millions of dollars in assets forfeited by white-collar criminals — including some from the family of Bernard L. Madoff — and sold them for far less than …

An arm of the United States Marshals Service undervalued what could amount to untold millions of dollars in assets forfeited by white-collar criminals — including some from the family of Bernard L. Madoff — and sold them for far less than they were worth, according to a lawsuit filed in federal court in Manhattan.

As a result, the lawsuit suggests, crime victims, including some who lost fortunes in the Madoff case, may have been deprived of millions of dollars in restitution.

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