Madoff trustee seeks to boost payout to over $5 billion

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NEW YORK, Feb 13 (Reuters) - Bernard Madoff's defrauded former customers will see the total amount of money returned to them surpass $5 billion if the trustee liquidating the imprisoned swindler's former firm wins court approval to distribute another $505 million. The trustee Irving Picard plans to seek permission from U.S. Bankruptcy Judge Burton Lifland, who oversees the liquidation of Bernard L. Madoff Investment Securities LLC, according to a posting Tuesday on the trustee's website. (http://link.reuters. ...

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