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Feeder Funds To Pay Nearly $220 Million To Settle Madoff Ponzi Scheme Fraud Claims
Posted on 14 Nov 2012 by Timothy Raub

NEW YORK - (Mealey's) Four Bernard L. Madoff Investment Securities LLC feeder funds and several of their current and former owners and officers have agreed to pay nearly $220 million to settle claims that they breached their fiduciary duties under... Read More

Tags: ERISA , In re: Beacon Associates Litigation , U.S. Department of Labor , Hilda L. Solis , J.P. Jeanneret Associates Inc. , Ponzi scheme , John P. Jeanneret , Employee Retirement Income Security Act , Paul Perry , financial services , Beacon Associates Management Corp. , Andover Associates Management Corp. , breach of fiduciary duties , Bernie Madoff , Litigation , BLMIS , Settlement , Bernard L. Madoff Investment Securities LLC , Harris Markoff , Ivy Asset Management LLC , Joel Danziger