Tag Archives: investment-securities


Fairfield settles with Massachusetts for $8 million

Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]

Fairfield Sentry sues hedge fund over Madoff fees

Greenwich Time – Fairfield Sentry Ltd., seeking to recover more than $919 million in fees related to investments involving Bernard Madoff, sued the Fairfield Greenwich Group hedge fund that lost $7 billion in Madoff’s fraud. Fairfield Sentry, based in the […]

Fairfield Hedge Funds Sued by Madoff Trustee

Newsinferno.com – Bernard Madoff trustee, Irving Picard, has sued three Fairfield Greenwich Group hedge funds—Fairfield Sentry Ltd., Greenwich Sentry LP, and Greenwich Sentry Partners LP—in a clawback suit that seeks the return of $3.54 billion to repay victims of Madoff’s […]

Trustee sues Fairfield Greenwich funds for $3.54b

Boston Globe – The trustee liquidating Bernard Madoff’s defunct money-management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff’s massive fraud unraveled. The trustee, Irving Picard, filed the so-called clawback lawsuit yesterday […]

Hedge fund firm Bramdean receives offer

Reuters – Nicola Horlick’s boutique fund manager Bramdean Alternatives said on Thursday it has received an approach for a possible takeover by an unnamed bidder. The manager said in a statement: "The Board announces that it has received an approach […]

Unions say they lost $1B

Albany Times Union – A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities LLC. Now, the unions have filed a […]

Peter Madoff’s Assets Frozen In Investor Lawsuit

New York (HedgeCo.Net) – Peter Madoff, brother of convicted Ponzi schemer Bernard Madoff, had his assets temporarily frozen by a New York State Judge yesterday.  The Chief Compliance Officer of Bernard L. Madoff Investment Securities LLC was sued by an […]

Madoff Jailed After Guilty Plea

New York (Hedgeco.Net) – Bernard Madoff was finally promoted from house arrest to maximum security prison, after pleading guilty to the largest Ponzi scheme in history.  Madoff, who swindled an estimated $65 billion out of the most elite investors, could […]

Former Merrill execs invested in Madoff funds

Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]

US regulators probed Madoff eight times over 16 years

MSN Money UK – Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal […]

Madoff set to disclose list of holdings

Munster Times – Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal. The fallen investment guru is scheduled to submit a list of his personal assets to the Securities […]

Some Investors Predicted the Madoff Debacle

New York (HedgeCo.Net) – As the investigation continues into what has turned out to be the largest fraud in history, more and more investors are coming forward who saw the red flags early, refusing to do business with Bernard Madoff. […]

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