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Trustee pursues Cayman Islands hedge fund

Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund.

The lawsuit on Tuesday by trustee Irving Picard, who is spearheading a global search to return money to thousands of defrauded customers, is one of several against funds that fed Wall Street’s biggest investment scheme over 20 years.

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