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: International and UK Law

Investors act against golden couple tarnished by Madoff fund scandal

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Investors who have lost their money in what is alleged to be the world?s biggest financial fraud may also be made to repay any profits that they made to US liquidators. Under a new bankruptcy ruling, any investors who withdrew cash from the hedge fund run by Bernard Madoff before the $50 billion ($£34 billion) fraud was discovered could be forced to return their original investment and any profits.

Full post as published by International and UK Law on December 23, 2008 (boomark / email).

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