Jailed Wall Street fraudster Bernie Madoff may have finally picked a legitimate winner.

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Jailed Wall Street fraudster Bernie Madoff may have finally picked a legitimate winner.

A biopharmaceutical company partly owned by the Madoff family had an initial public offering Tuesday that sold $33 million worth of stock.

The New York Post reports (http://bit.ly/WJWUPi) that Madoff’s initial $2.2 million investment in the company, Stemline Therapeutics, is now worth $5.5 million on paper.

But the scammer might not be able to keep the money.

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The trustee overseeing efforts to untangle Madoff’s Ponzi scheme says the family’s shares rightfully belong to his defrauded clients.

He has filed a lawsuit seeking to seize those shares on behalf of fraud victims.

Madoff is expected to spend the rest of his life in prison.

Information from: New York Post, http://www.nypost.com

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