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Hedge fund head ‘cooperative’ in Madoff probe

Reuters – Hedge fund founder Ezra Merkin is being cooperative with New York state’s top legal officer in its investigation of three funds as part of the probe into accused swindler Bernard Madoff, officials said on Wednesday.

New York Attorney General Andrew Cuomo is seeking information from Merkin and his Gabriel Capital Corp, Ariel Fund Ltd and Ascot Partners funds, Cuomo’s office said last month.

All of the funds have been sued by nonprofits and individual investors who accuse them of investing with Madoff without their knowledge.

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