Saturday April 04, 2009
Glimmer of hope for Madoff's victims
Stephen Foley
Independent
Thousands of victims of Bernard Madoff have new hope of recovering some of their money, as prosecutors go after the "feeder funds" that channeled their investments into Wall Street's biggest ever fraud.
A Connecticut hedge fund manager who put $7.2bn of his clients' money into Madoff's fake investment business is being sued for misleading investors and negligence, and the securities regulator who brought the action says it is just the first.
read full story
Posted in: by bubblejam at 05:38 PM | Comments (0) | Email This Entry