Crain's New York Businesss - January 2, 2009
A Long Island family that says it had $2 million tied up with Bernard Madoff has sued to prevent the disgraced financier from distributing whatever money he has left to other clients or employees. The suit was filed Dec. 30 in federal court in Manhattan by Anthony Sciremammano, his wife Maria, and daughter Toni, all of Massapequa Park. Business records show Mr. Sciremammano was owner of M&M Automatic Transmissions in Massapequa, which appears to no longer be operating. None of the plaintiffs, nor their attorney, J. Garth Foley, could be reached for comment.
The Sciremammanos, who had invested with Mr. Madoff since 1995 according to their complaint, join the fast-growing list of former clients who have sued Mr. Madoff since his alleged $50 billion Ponzi scheme came to light last month. Earlier this week, Mr. Madoff provided the Securities and Exchange Commission with information on the amounts and whereabouts of his firm