Trustee Sues Madoff Hedge Fund Investor

By DIANA B. HENRIQUES The trustee gathering assets for the victims of Bernard L. Madoff’s fraud has sued a prominent New York City hedge fund investor, J. Ezra Merkin, to recover almost $500 million withdrawn from Madoff accounts in the last six years.

May 9th, 2009 | Posted in Famous People | No Comments

Trustee sues Madoff feeder fund manager for $1 billion

NEW YORK — The trustee trying to recover Bernard Madoff’s assets filed a lawsuit Friday seeking more than $1 billion from prominent California money manager and philanthropist Stanley Chais and his family, arguing they “knew or should have known” Madoff was running a Ponzi scheme

May 3rd, 2009 | Posted in Famous People | No Comments