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Money Manager Settles Madoff-Related Case.

Authors :
BRAY, CHAD
Source :
Wall Street Journal - Eastern Edition. 6/25/2012, Vol. 259 Issue 147, pC1-C3. 2p.
Publication Year :
2012

Abstract

The article states that U.S. money manager J. Ezra Merkin agreed to pay about $410 million to settle a civil fraud lawsuit brought the attorney general of New York State as of June 25, 2012. According to the article, Merkin was accused of funneling billions of dollars to convicted U.S. Ponzi scheme manipulator Bernard Madoff without the knowledge of investors. The article states that a New York state judge approved the settlement terms.

Details

Language :
English
ISSN :
00999660
Volume :
259
Issue :
147
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
77254317