Brits Hit Court to Battle Yanks for Madoff Assets

The Madoff liquidators are turning on each other, reports the Times of London. The trustees handling the London arm of the Ponzi schemer's imploded business recently seized several American assets, including a $235,000 vintage Aston Martin, that were acquired with London money. UK liquidators will argue tomorrow in a New York court for the continued right to do so; they face US trustee Irving Picard and dozens of Madoff victims who want asset seizures left to Picard, regardless of where they are.