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UBP Scrambles to Explain Madoff Ties.
- Source :
-
Wall Street Journal - Eastern Edition . 12/30/2008, Vol. 252 Issue 153, pC1-C1. 1/2p. 1 Color Photograph. - Publication Year :
- 2008
-
Abstract
- The article reports that private bank Union Bancaire Privee of Switzerland has several funds that invested money with Bernard Madoff, who stands accused of running a Ponzi scheme that cost investors billions of dollars. Union Bancaire claims it too is a victim of fraud, although the circumstances call into question whether services provided by private banks are worth the steep fees they charge.
- Subjects :
- *PONZI schemes
*INVESTMENTS
*PRIVATE banks
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 252
- Issue :
- 153
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 35866948