Fairfield

Negotiations with Madoff’s accomplices continue, still no money for investors

July 22, 2009 - 2:46am | Fraud | News
Negotiations with Madoff’s accomplices continue, still no money for investors

According to court document, the trustee in the Madoff case is in settlement negotiations with the Fairfield funds and the Kingate funds, which fed an estimated $3.8 billion into Bernard Madoff's epic swindle. The trustee sued Hedge funds in separate litigation as part of his efforts to recover money for investors bilked in the Wall Street's biggest investment fraud amounted to $65 billion over 20 years, according to U.S.


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