Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme
Friday, May 8, 2009 : PermalinkNew 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, a lawsuit filed Thursday claims.
U.S. Bankruptcy Court trustee Irving Picard sued Merkin to recover the $557.8 million Merkin and his Gabriel Capital Corp. have withdrawn from Madoff’s firm since 1995.
Tags: bankruptcy-court, bernie madoff, court trustee, ezra, hedge fund, investments, merkin, new york daily news, park avenue, picard, ponzi scheme, spoils, york daily news
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