Deloitte faces Berger case


The hedge fund industry's largest fraud case just won't die - at least not until there are no deep-pocketed counterparties left to sue. It is more than three years since Manhattan manager, Michael Berger, pled guilty to charges of defrauding 300 investors of nearly $400 million. He then became a fugitive before final sentencing could put him behind bars.

But, finally, investors may have a chance to recoup some more of the cash lost in connection with Berger's massive Ponzi scheme. That's because a federal judge in Manhattan recently ruled that Berger's former accounting firm, Deloitte Touche Bermuda, will