updated 7/21/2010 2:42:12 PM ET 2010-07-21T18:42:12

The court-appointed trustee hunting for money to pay investors who lost billions of dollars in Bernard Madoff's Ponzi scheme has sued more than two dozen entities related to a New York-based hedge fund.

Trustee Irving Picard filed papers in U.S. Bankruptcy Court in Manhattan late Tuesday to recover $3.6 billion that he said can be traced to the Fairfield Greenwich Group, two dozen affiliates and its founding partners.

The filing added numerous defendants to a lawsuit that earlier named three Fairfield Greenwich funds.

Fairfield Greenwich in a statement said Picard's filing was filled with "false, misleading and rehashed accusations."

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