Tuesday, August 26, 2014

Judge Denies Claims by Investors in Retirement Accounts Tied to Madoff

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Hundreds of people whose employers invested their retirement funds with Bernard Madoff cannot recover money from the liquidation of Mr. Madoff's firm because they weren't direct customers of the imprisoned Ponzi scheme operator, a bankruptcy judge has ruled.

Source: http://blogs.wsj.com/law/2014/08/25/judge-denies-claims-by-investors-in-retirement-accounts-tied-to-madoff/?mod=WSJBlog

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