Tag Archives: merkin


Judge Names Receiver in Madoff Feeder Fund Suit

Law.com – Goodwin Procter partner David B. Pitofsky was appointed Monday as receiver of the $1.7 billion Ascot fund put together by financier J. Ezra Merkin, almost all of which was invested with Bernard L. Madoff and lost. Justice Richard […]

Facing suits, Merkin sells art trove

Boston Globe – It’s been a bad few months for New York financier J. Ezra Merkin. First, his hedge funds lost $2.4 billion in the Bernard Madoff swindle. Then, he lost his post as chairman of GMAC Financial Services. Now, […]

Man linked to Madoff to yield control of funds

Denver Post – J. Ezra Merkin, a hedge-fund manager who invested billions of dollars of clients’ money with swindler Bernard Madoff, has agreed to relinquish control of his funds to court-appointed trustees. The attorney general’s office had requested the move […]

Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme

New York Daily News – Ezra Merkin should have known better, a lawsuit claims. The Park Avenue hedge fund king funneled investments to Bernie Madoff and received millions in fees Merkin knew were the spoils of a massive Ponzi scheme, […]

Former chairman of GM financial arm charged in Madoff-related fraud

WSWS – 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 […]

Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff

New York (HedgeCo.Net) – J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor’s money into funds managed by Bernard Madoff without their knowledge […]

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 […]

Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

New York Daily News - Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]

Hedge Fund Peers Come to Merkin’s Defense

TheStreet.com – Two contemporaries rushed to the defense of hedge fund manager Ezra Merkin, who is reportedly being investigated by New York Attorney General Andrew Cuomo after his investors lost billions of dollars linked to disgraced money manager Bernard Madoff. […]

Bard College lost $3 million in Madoff scheme

Daily Freeman – Bard College said on Thursday that it lost about $3 million in investments tied to disgraced Wall Street financier Bernard Madoff. Bard spokesman Mark Primoff said the losses came in the Northern Dutchess school’s $270 million endowment […]

Inquiry started of financier who invested with Madoff

International Herald Tribune – J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard Madoff’s hedge fund was an elaborate Ponzi scheme. But not everyone sees him as a […]

N.Y. judge restrains Merkin funds in Madoff lawsuit

Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]

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