On December 15, 2008, the United States District Court for the Southern District of New York granted the application of the Securities Investor Protection Corporation (SIPC) for the liquidation of Bernard L. Madoff Investment Securities …
Read More..Former New York hedge-fund manager Mr Steinhardt told Bloomberg that he lost about $2m investing with financier Ezra Merkin, who funnelled clients’ money to Mr Madoff. Ezra Merkin’s Ascot hedge fund, lost its entire $1.8bn …
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