Massachussetts sues Fairfield Greenwich in Madoff case

Fri Apr 3, 2009

The top securities regulator for Massachusetts, Secretary of the Commonwealth William Galvin, filed an administrative complaint Wednesday charging that Fairfield Greenwich Group, which had managed the largest hedge fund to feed investor assets to Bernard Madoff’s ponzi scheme, misled investors and disregarded its responsibility to conduct proper due diligence.

"Fairfield’s complete disregard of its fiduciary duties to its investors...

ISSN: 2151-1845 / CDC10004H

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