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Judge: Madoff Trustee Can't Chase Foreign Funds

4 years ago3 views

wochit

Wochit

The trustee seeking to recover Bernard Madoff's assets, on behalf of the Ponzi scheme architect's victims, has lost a legal bid to recover money from customers and banks of overseas funds that invested with the disgraced financier. Trustee Irving Picard had pursued the overseas feeder funds, as well as their customers and banks.

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