US Town Claws Back £17m Of Madoff Assets
Tuesday, April 14, 2009 : PermalinkSky News – A US town has edged closer towards clawing back its losses to Wall Street swindler Bernard Madoff, securing a court order for £17m in assets.
The town of Fairfield in Connecticut suffered losses of about £28m from its pension fund to what has been called the biggest Ponzi scam in history.
Some 1,500 members who are trying to recover retirement money were granted the order to chase the assets from Madoff’s relatives and business partners.
Tags: assets, business partners, connecticut, losses, pension-fund, ponzi scam, relatives, retirement money, sky news, swindler, town of fairfield, wall street
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