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	<title>Hedge Fund News From HedgeCo.Net &#187; financial arm</title>
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		<title>Former chairman of GM financial arm charged in Madoff-related fraud</title>
		<link>http://www.hedgeco.net/news/04/2009/former-chairman-of-gm-financial-arm-charged-in-madoff-related-fraud.html</link>
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		<description><![CDATA[WSWS &#8211; New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion by funneling their money, without their knowledge, to convicted Ponzi scheme operator Bernard Madoff. According [...]]]></description>
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