In re Bernard L. Madoff Inv. Secs. LLC
Aug
11
2015
Ruling
Dismissal of avoidance proceedings denied as feeder fund transferees were sophisticated financial professionals who knew that the operator of a Ponzi scheme was reporting fictitious transactions and took steps to prevent any inquiry.
Issue(s)
Should avoidance proceedings against feeder funds that received transfers from the Madoff Ponzi scheme be dismissed?
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Court
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