Tuesday, June 28, 2011

Madoff judge: Feeder fund investors cannot recover

NEW YORK (Reuters) - Investors in "feeder funds" who lost money in Bernard Madoff's Ponzi scheme do not qualify as customers of the now-imprisoned swindler, a federal bankruptcy judge ruled on Tuesday.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/ZqE4VuZslL4/us-madoff-feederfunds-idUSTRE75R6A320110628

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