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.
At $310 million, J. Ezra Merkin is getting less than he had hoped for his art collection, insiders say — but he still may be making more than the collection is worth.
Attorney General Cuomo has ousted the Madoff investor, accused of fraud, from his managing position at what's left of his three hedge funds.
A new $500 million suit filed against the manager of one of Bernie Madoff's largest feeder funds says he was smart enough to know what was going on.
Also, "misrepresentations, concealment, self-dealing, reckless conduct, and gross negligence," according to a complaint filed by Attorney General Andrew Cuomo.
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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