PwC In $55 Million Settlement With Madoff Feeder Fund Investors

(Reuters) Price Waterhouse Coopers agreed to pay $55 million to settle claims it failed to audit properly the books of Fairfield Greenwich Group, the biggest operator of “feeder funds” for now-imprisoned swindler Bernard Madoff, court papers showed. The all-cash settlement with Fairfield Greenwich investors was disclosed Wednesday night in filings withManhattan federal court. PwC denied wrongdoing. What did you expect?

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