Madoff Bankruptcy Trustee Drops One Claim Against Merkin, Eleven Remain
J. Ezra Merkin's funds are still getting sued for $564.6 million, but some of that money will have to come from the funds that lost it all.
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J. Ezra Merkin's funds are still getting sued for $564.6 million, but some of that money will have to come from the funds that lost it all.
Too bad that $310 million is going to go right to investors who were defrauded through him and Bernard Madoff.
Attorney General Cuomo has ousted the Madoff investor, accused of fraud, from his managing position at what's left of his three hedge funds.
Former Merrill Lynch exec John 'Launny' Steffens lost $35 million to Madoff, but there's one thing he feels good about.
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