Tag Archives: Madoff

Lawsuits against UBS and HSBC over Madoff exposure

Madoff – the saga Investors who lost money in the alleged $50bn (€37.7bn) swindle perpetrated by Bernard Madoff have filed lawsuits against UBS and HSBC in New York and Luxembourg, claiming the two banks should have protected assets allocated through “feeder” funds to the financier’s business more carefully, according to a report in the Financial […]

People Begged to Invest with Him

Reproduced with the kind permission of Dimensional Fund Advisors (United States) A long list of wealthy investors both in the US and abroad have been shocked to learn that Bernard L. Madoff, a prominent and well-respected broker and money manager, has been accused of orchestrating one of the most extensive investment frauds in US history. […]