David Becker, the former top lawyer who came under fire for his part in the Securities and Exchange Commission’s decisions relating to Bernard Madoff, has agreed to pay more than $550,000 to the trustee overseeing the liquidation of Madoff’s company.

The settlement will resolve a claim by the trustee Irving Picard who sued Becker and his brother last year for $1.5 million in allegedly fictitious profits held in their late mother’s account.

Find out more about the case and why Becker “always expected that he would return any fictitious profits”.